@sheepwash i mentioned my issue the other day. ASX a horrible system. I too did the same re ComSec.
After phoning around (not even my broker could answer) I was pretty much told, you put your offer in on whichever platform, then they talk to each other. Wherever the least affect on market price will be taken. Ie. I tried to wipe 2.5c line last week. That was next best market offer. Not according to chi x. There was a 2.4 (which coincidentally was not there when I placed my order). Then no trades showed on ComSec. It still showed sp at 2c. I was annoyed.
At the end of the day, the platforms amalgamate and you should get an indicative after all trades are matched. This is that 4-4:30pm window. If no other trades occurred, we should have seen 2.4c on ComSec at EOT.
It's honestly a crock. I believe (not substantiated) that if a trade is going to push the price further up than let's say 10%, the broker (ComSec) will search the alternate platform (chi x). I would not be surprised if some 'SIs' are contacted or other parties like 'bergen' who are contacted or have triggers set for above market orders.
Again, there should not be a seperate 'market/platform' it's a perfect way to confuse and therefor make trading hazy. ASX vs chi x, it doesn't make sense - outcome achieved. It's not supposed to.
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Last
2.2¢ |
Change
-0.004(15.4%) |
Mkt cap ! $79.16M |
Open | High | Low | Value | Volume |
2.6¢ | 2.6¢ | 2.1¢ | $446.7K | 19.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1468888 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 661777 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1468888 | 0.021 |
12 | 1913450 | 0.020 |
4 | 520000 | 0.019 |
2 | 450000 | 0.018 |
1 | 150000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 661777 | 7 |
0.024 | 2100000 | 2 |
0.025 | 366000 | 1 |
0.026 | 797619 | 2 |
0.028 | 406609 | 2 |
Last trade - 11.35am 04/09/2024 (20 minute delay) ? |
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M4M (ASX) Chart |