Yes indeed - ASX has a room full of supercomputers and makes money by leasing these out for a fee that allows these tiny trades. Very interesting TV segment by Alan Kohler a few years back on the subject.
It certainly allows for manipulation but as the ASX makes a lot of money from the exercise, the practice is not going to stop.
Ann: Jackson 29 Well Drilled to TD with Gas Confirmed, page-27
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $18.86M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $57.9K | 8.271M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 16622857 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 5079596 | 5 |
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| Last trade - 13.55pm 07/08/2025 (20 minute delay) ? |
| BNL (ASX) Chart |