With Australian Money Market you can place your deals at any time.
What are the AMM trading hours?
AMM has standard trading hours of approximately 10.45am until 1.30pm Sydney time Monday to Friday.
The 10.45am opening time allows the banks time to publish their rates to AMM, which can change daily. The 1.30pm closing time allows AMM the time to process the deal same day and remit the funds to the chosen institution.
What if you place a deal outside these times?
We know you want to be able to deal with us at any time of the day. However, a rate chosen at 8pm may not be available the next day when AMM is processing your deal.
Any deal placed outside trading hours will still be accepted, however, they will be marked as "Pending - rate to confirm" and shown in red on the Current Investments Page. This means the deal will be placed in a holding pattern until approximately 10.45am the next business day when the rate you placed your deal at will be compared to the current rate issued by the bank.
At the time the pending deal is processed:
- should the rate remain the same, the deal will go ahead as originally requested
- should the rate increase, the deal will go ahead at the new higher rate and your Contract Note updated to confirm the new rate
- should the rate decrease, the deal will not go ahead and remain pending. AMM will contact you via email to either confirm the lower rate, or change your instructions. IF we do not receive a reply from you, the deal will be cancelled at 1.30pm.
- should any other bank rates change, there will be no bearing on the original deal unless we are contacted by you before cut-off time of the next dealing period.
A confirmation email will be sent out once the deal has been confirmed and the rate accepted.
When will the pending deal be processed?
| Time The Deal is Placed | Time The Deal is Processed |
|---|---|
| Before 10.45am Sydney time Monday to Friday | During standard dealing hours on the same day |
| After 1.30pm Sydney time Monday to Friday or on any non-business day | During standard dealing hours on the next business day |
What support is there?
We have a dealing team of brokers who are there to place the trades and support you as needed. They can be contacted on 1300 306 281 Monday to Friday between 8.30am to 5pm.
You can also access our online tutorials at any time.
FAQ's
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Is there a minimum amount required to invest?
For each institution, there are different minimum and maximum amounts. These are specified on the rates table by provider. AMM does not enforce any of its own minimums or maximums.
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What happens when daylight savings time is in effect?
When daylight savings time comes into effect, we trade on the basis of Australian Eastern Daylight Savings Time (AEDST).
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Can I tell which deals are pending?
Yes. When you place the deal outside of standard dealing hours, it will show on the Current Investments page as a pending deal until such time that it is processed by our brokers.
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How long before I'll be able to see what rate the deal went through at?
If the rate changes between the time you place the deal and the time that it is processed, we may be in contact with you depending on the nature of the change. Once the deal is processed, you will receive confirmation from us. The deal will then appear on the Current Investments page.