Ann: Jewell Well Production Facilities Completed, page-137

From reading the posts there seems to be a misunderstanding on market operations and how orders flow from brokers to the market for execution are managed. Trades get broken up all the time to get executed across different market venues - this is an automated process run by the ASX trading platform and is not market manipulation or bots as you put it.

Read about smart order routing here:

https://www.asx.com.au/documents/resources/asx_best_sor_fact_sheet.pdf

This afternoon for example if you look at the trade order flow at 4:10:18 (went through in the match) the 1 share was obviously part of the previous order for 129,999 (it could have even been a single lot of 155k or even part of a larger trade put through earlier in the day).

What happens in the automated order management managed to execute 129,999 shares with one market venue and then has to finish off the order of the remaining 1 share with another because the first market venue did not have enough in the market to complete the trade. This process is automatic and happens throughout a trading day which is why from time to time we see odd lots going through.

The commission charged would be on the entire parcel - not the 1 share. As an aside no serious trader would bother with trading 1 share on close to manipulate the price to finish lower - the match does not work like that. If they wanted to do that they would use 100k or even 1m shares.

While you are at it you might want to read up on how pre and post market matching works:

https://www2.asx.com.au/markets/trade-our-cash-market/asx-equities-trading/auctions

The automated order flow management happens across all stocks. If you look at the BHP order flow at 4:10:18pm...lo and behold 1 share went through...I doubt very much that is market manipulation of BHP.

As you were

TP