Short Term Trading Week Starting: 5 Mar, page-86

  1. 1,070 Posts.
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    Hi @Freehold
    I have a question that I was hoping you or some of the posters on here could help me with please.
    I use ANZ Share Trading as a broker (the old E-Trade platform) and today one of the shares I own came back with bad drill results in an announcement and when I saw it I put in a sale at the top of the sell side (not a market order...I usually only sell at market but today I saw that I could get in at the top of the queue so I decided to use that instead to get a slightly better sell price). Once I entered the order ANZ sold 60,000 units out of the 600,000 units I had for sale at the price I had given. However for the next 2 hrs I saw trades of around 4m units sold at the same price as what I wanted on the CXA but mine didn't get sold even though I could clearly see I was top of the sell queue. I rang the ANZ trading help desk to see what had happened and was told 1st they don't sell on CHi X. Then another person told me they do sell on ChiX as well but what had happened was that my 1st 60,000 units had been sold on the ASX so therefore the remaining 540,000 had to be sold on the ASX as well and the 4m odd trades I had seen at the same price were all sold on Chi X and that until someone on the ASX put a bid in at my price my shares would remain at the top of queue (unless of course someone puts a sell in at a price below mine which hasn't happened since I placed my order). Just wondering if any others have had this happen to them as well or is it just something particular to ANZ trading? It is very annoying and not something I have encountered before and due to them not being to sell the rest of my order at the price on Chi X looks like it may cost me $600 to $1,200. Appreciate anyone's advice. Thanks
 
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