trading flow diagram for 17/2. My take:
note: Left is sell, right is buy.
The most amount of trading is via commsec - that means retail buying and selling to themselves. Barrenjoey has been the largest selling insto, predominantly selling to retail but it is also buying off retail.
CNC markets is the next largest selling institution that primarily caters to retail and ironically its selling to other retail clients via commsec and itself.
Macquarie and JP Morgans appear net sellers with relatively minimal buying.
What's interesting is that retail holders appear to be the largest buyers and sellers - we are the ones driving the price not instos or algos as we would like to believe.
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