agree Mitch but unlikely to happen imo...too much 'automatic' money involved now...particularly for the ASX and all the big banks are involved and we know what a lame beast ASIC is
the fine print in the brokers' contract says that they may in their absolute discretion decide to route your trade either through the ASX or ChiX... ChiX's around the world are owned by some of the biggest stock broking houses and investment banks in the world and one then starts to understand why it was also set up for Australia...that's how they can buy or sell straight over your head, etc. etc. it's the routing through either of these exchanges combined with their clients' trading data that allows them to do what they like
I've been right at the top of a sell line a number of times and then the buys go through on ChiX and hit sell orders way below me in the queue...and then low and behold...the price drops below my sell order and keeps going down...have lost thousands of dollars that way...
it stinks but that's the game we are in...capitalist jungle
AB1 Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
