Changes to ASX from today.
The ASX has advised that from Friday 1st April 2005, the minimum price step structure will be amended so that a minimum price step of 0.5 cents applies for all stocks priced between the ranges of $0.50 and $2.00. Previously the minimum price step for this range was 1 cent.
Amended Price Step Structure
Price Range (dollars)
Minimum Bid (dollars)
0.001 0.099 0.001
0.10 0.495 0.005
0.50 1.995 0.005
2.00 999 0.01
1000 Maximum 0.01
As an example this means you will be able to place a limit order of $1.555. In the past you could only place the limit at $1.55 or $1.56.
BPC
burns, philp & company limited
