Oh dear…the work experience kid goes off on a tangent and gets it wrong…AGAIN!!
Raiz does not invest in individual stocks, it invests in ETF’s only and buys in batches, typically once a day. It invests long term only and thus does not participate in the closing auction of any individual stock.
Given Spenda’s current share price, it is not included in the portfolio of any ETF.
To clarify, Raiz does not use an algorithmic trading system, that is required to, for example, make a single share trade in a closing auction.
Once again, please seek advice from the more senior members of your team before posting. Thanks in advance.
SPX Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
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