Yes, retail investors are restricted to placing orders of at least $500 value but brokers have no such limitations. They can drop an order for one share if they want. It's also at effectively no cost to a broker as they don't pay on individual transactions like retail investors do. A broker pays a monthly subscription based on total transaction volume and value. So a trading algorithm can generate substantial sums of money by trading small parcels many times.
If you have the stomach for learning just how much high-frequency trading distorts the market, have a read...
How Algorithms and High Frequency Trading Programs Affect Your Trading
Electro Optic Systems – One to put in your sights, page-43
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EOS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.56 |
Change
-0.015(0.95%) |
Mkt cap ! $301.0M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.59 | $1.55 | $736.3K | 472.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7059 | $1.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EOS (ASX) Chart |