orders greater than 10% from last trade, page-12

Hi webral,

so this has happened to others, perhaps more of us who encounter this need to call up and let them have it ... eventually some bright spark on the other end of the phone will do something about it. One way they could be more sophisticated with their filters would be to widen the acceptable % band in line with reducing share prices and with regards to the size of the trade. A couple of things I have pointed out to the ASX and Comsec in discussions on this issue -

1) shouldn't matter if the order placed would not actually end in a trade i.e. placing a bid/offer higher/lower than the lowest/highest current bid/offer - at least no-one has yet offered me any logical reason.

2) shouldn't matter if placing an order within the current spread or matching the marginal bid/offer thus completing a trade - this only leads to smaller spreads or greater liquidity, respectively, and thus greater market efficiency

3) what is one to do on 0.001 shares as to buy at 0.002 would be a 100% movement or to sell to 0.001 (if last trade was 0.002) would be a 50% movement - both ASX and Comsec understood this one!

4) if "the market" has a problem with a small amount of shares changing the price by "too great a %" then the market can fix it by trading back again at the other side of the spread! Dead simple!

It is not my job to come up with more sophisticated ways at looking at these algorithms in the context of still protecting the market, but I do my job, what is the guy who does run these systems doing all day? It is just contemptuous to retail investors to continue to maintain these "rules" which are as previously stated completely at the discretion of the brokers and not an ASX governed rule. I have ASX correspondence stating this fact.

Thanks for your input guys ... I am determined to find a way around this.