Welcome to Sonray Capital Markets

Sonray Capital Markets is an Australian financial services company (regulated by ASIC) providing access to global markets for Retail and Institutional clients around the world.

By utilising the services of external third party providers, Sonray’s core business is the provision of quality global execution and clearing services through state of the art trading systems and risk management tools.

Sonray was one of the first companies in Australia to provide advice on CFDs and we pride ourselves on our superior customer service across all our divisions.

Our vision is to be an internationally respected facilitator of innovative financial products which provides access to global capital markets.

To find out more about Sonray, and in particular how Sonray utilises external third party providers, please click here.

New ASIC ban on short-selling

Important Notice!

On Sunday 21st September 2008, the Australian Securities and Investments Commission (“ASIC”) issued a Class Order in regards to short selling. The Class Order detailed the following decisions made by ASIC, which are to apply from the opening of the market on Monday, 22nd September 2008 until the End Date:

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News - Markets cheer Chinese investment plan

Published: 10 November 2008, Compare Shares

Sonray Capital Markets chief economist Clifford Bennett described Beijing's plan as "a great package" that should ensure Chinese economic growth stays above 7.5 percent over the next two years.

Together with a pledge by Brazil, Russia, India and China -- the BRIC nations -- to promote and expand trade and capital flows, "there could not have been a better start to the week," he wrote in a note from Sydney.

Read the full article at timesoftheinternet.com 10/11/08

News - Tips for trading the forex markets.

Published: 06 November 2008, Compare Shares

Foreign exchange is the fastest growing financial market in the world, and if anything its popularity as an investment medium is accelerating.

While the world has suffered a dramatic loss of wealth in commodity and equity markets over the last year, foreign exchange markets have continued to provide significant opportunities, and perhaps more importantly a reliably high level of liquidity at all times.

Read the full article at CompareShares.com.au 06/11/08

News - Aussie jobless rate steady

Published: 6th November 2008, The Straits Times

The Australian government last month unveiled a AUD$10.4 billion (S$10.45 billion) stimulus package in a bid to boost economic activity and ward off a contraction.

Mr Clifford Bennett, chief economist at Sonray Capital Market, told newswires agencies that the numbers may show the stimulus efforts are paying off.

'While one swallow does not make a summer, this data suggests job losses have at least slowed, as perhaps the government's stimulus package and... rate cuts are seen by businesses as good reason to maintain current employment levels,' Mr Bennett said.

Read the full article at straitstimes.com 06/11/08

News - Worst Over for Credit Crisis: Analyst

As Clifford Bennett, chief economist at Sonray Capital Markets believes the worst of the credit crisis is behind us, he tells CNBC's Karen Tso to expect equity and forex markets to stabilize from now. 03/11/08

News - Yen May Test 80 Against the Dollar

The dollar-yen may test 80 as Clifford Bennett, chief economist at Sonray Capital Markets does not see coordinated action from the G7 to cool the yen's strength. He makes his case to CNBC's Martin Soong & Sri Jegarajah. 28/10/08

News - Dollar Strengthens Over Ruble Amid Crisis Fears

Published: 28th October 2008, The St. Petersburg Times

“The world is in ‘get out of all assets and back into the U.S. dollar’ panic mode,” Clifford Bennett, an economist at Sonray Capital Markets Ltd. in Sydney, wrote in an e-mail to clients today.

Read the full article at times.spb.ru 21/10/08

Clifford Bennett Biography

Equities may have bottomed, China is still a powerhouse!

First Perspective #84

3 November 2008

The Equity market may have seen the bottom, that is, the absolute low in this one year down swing. Last Tuesday we said we expected to see the low last week, though we did suggest perhaps risk lower first, which did not eventuate.

The worst of the credit crunch is behind us, the worst of the economic down-turn is ahead of us. This we announced two weeks ago, and the world is now starting to agree that credit markets will in the main continue to calm, though of course not to pre-crisis levels. Now it is only a question of whether the worst of the economic down-turn has been fully priced. It is even possible the continuing global slow-down has been over priced in equity and other markets. This is most likely to be the case in commodity markets and resource stocks. The opportunities in the resource sector, particularly in the Australian resource sector for foreign investors are at extreme levels that may never again be repeated.

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