APG 0.00% 0.2¢ austpac resources nl

manipulation, page-5

  1. 820 Posts.
    No doubt you won't reply yet again, but please cease with this ridiculous CFD explanation re APG Earnie.

    Again, kindly advise me which CFD providers offer APG on their tradable securities list. The few that I'm aware do include it are Direct Market Access providers, so all orders go directly into the market, just like normal trades. The CFD company don't make the market and therefore have nothing to gain by manipulating the price.

    As a spec stock, APG would also attract a tiny or non existent margin benefit. For example my provider has APG on it's list, but at 99% margin. So hardly an increased liquidity attributable to that.

    CMC is the largest market making CFD provider in Aust, and APG is not on their securities list.

    For the record, broker details of all trades are available through the full Iress trading system, but only 3 days after the traded date. I have had a quick check through some trade history, and the vast majority of these small parcel sells at a "tick down" price, come from Commsec and another broker called State One. Mmmm.

    A
 
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