It's a bit of a worry that it says: "Centre Point Preferencing supports participants crossing their orders within Centre Point and ahead of other counterparties". It sounds like it's a way of queue-jumping. Mostly, Centre Point seems to be a way of outsourcing a participant's own off-market transfers, but there does seem to be available a queue-jumping mechanism ("With preferencing enabled, the Participant can choose to interact with [.. Participant’s own orders in Centre Point then] other Centre Point liquidity [..]").
By preferentially going to "other Centre Point liquidity", people with normal orders already in the market are going to miss out. If I have read this correctly, now there are two queues in the market : normal customers, and customers who have paid to jump the queue.
Is there no end to corruption in this marketplace?
TAP Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held