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Why I have not sold all my shares, page-74

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Judith10

78 Posts.

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25/01/22

12:11

Post #: 59114863
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Originally posted by Rexryan: ↑

So here is a response that I got from Westpac. While it is not BRN it shows where we as retail investors stand. It is clear from this that the ASX is a fundamentally floored 2 tier system, one rule for retail and a whole set of different rules for the "big boys". How ASIC or the government believe that these rules are fair and just for all is incomprehensible. I have been arguing this for 2 years now, the only solution is a royal commission into the ASX as a monopoly. I've deleted some of the information below, but it is clear that the rules don't apply for some.

This is the response from Westpac. Even though after my bid was put in place and most hit, another 2 bids were then put in front of my buy offer. Bids of 1 share (worth 97.5c) and 5 shares (worth $4.87) (as a retail investor the smallest bid for me is $500!) So when I tried to go higher to finish my buy order it was rejected, when I tried to match their offer, it was rejected. So how is it fair that I can't match the highest bid on the buy side. This market is 100% rigged against small investors.

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I often wondered about all those small buys, myself when the smallest I can do is $500. I assumed they were trading bots but I know nothing really other than at many times it seems unfair and literally a wtf situation!

BRN Price at posting: $1.47 Sentiment: Hold Disclosure: Held
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