A fintech company in Australia, Fin Clear, has launched the first HIN platform in Australia. Traditionally, securities borrowing in Australia has been conducted through investment banks, which hold client portfolios and service investors who engage in investment strategies. However, the new Fin Clear model allows wholesale equities holders to lend to other wholesale investors, bypassing the traditional cost barriers associated with the custody model and opening up a wider range of stocks.

As in the US, Australian shares can be held in one of three ways: Issuer Sponsored, CHESS Sponsored with Broker, or nominee. If you hold your shares in a broker, you will be given a unique HIN platform, which is similar to a bank online trading account. The broker can lookup your HIN on your CHESS statement, and purchase and sell shares on your behalf. This option allows you to remain anonymous and maintain the privacy of your account information.

Currently, the HIN platform system is limited to Australian investors, but you can open a HIN platform account for as little as $1,000 using a custodian or CHESS sponsored account. This is the cheapest option for buying equities, and if you’re a beginner, this will be the best choice for you. However, there are a few other options in the HIN market in Australia, and you can always try them out for free.

A few other Australian exchanges also offer HIN platform and voting rights. Superhero is similar to CommSec, but differs from other platforms in that it does not sell order flow. Unlike CommSec, it sells underlying shares on exchanges and partly replaces the ASX ledger with a cheaper subledger. The Australian Securities Exchange also charges investors for moving shares to and from their accounts.

If you’re interested in global share trading, Interactive Brokers is the best choice for you. The company provides low-cost global brokerage, zero-fee CFDs, and access to major global markets. Interactive Brokers also offers Australian online trading, a social trading network, and trades across multiple markets. The company’s online and desktop platforms are simple to use and offer a wide range of options. The company’s reputation as an international trading hub is backed by a wealth of customer reviews.