Im expecting to see more of these weird trade values as they have introduced this Centre Point order system.. unsure how it will effect us but its probably going to advantage instos and not us(per usual)
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Centre Point orders
Centre Point orders can only be entered at the mid point between current bid/offer or better as a CP limit order. They can also be placed at CP market to trade at the Centre Point price once opposing orders enter the CP market.
Orders are prioritised in time order but only trade at current Centre Point price (depending on CP limit price).
Centre Point orders can only trade when the underlying stock is in OPEN phase and all orders are considered day only (so are purged at the end of the session).
CP market is a dark pool so brokers can only ever see their own orders.
Orders are entered under generic ASX code but price attribute is either CP limit or CP market.
Centre Point crossings do not allow insertion of price (this is populated at time of crossing) and a confirmation dialog is opened confirming the price of the CP crossing.
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extracted from the iress update note > www.iress.com.au/assets/ITS_upgrade.pdf
whats with the strange sp, page-4
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