Average Daily volume prior to December 2007 : 3,000,000 Average Daily volume since December 2007 : 60,000,000
Average trading parcel : 10,000 units Average daily trades : 50,000,000 / 10,000 = 5,000 Number of trades per annum = 5,000 * 250 = 1,250,000 Transaction costs per share (buyer + seller) = $40
Total Annual transaction costs = $40 * 1,250,000 = $50,000,000
Nice !
Glad I own the broker houses and exchanges. I appreciate your custom. Please call again.
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CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
