There are so many different codes for the various XT (cross trades) now, you need a trade de-coding manual to stay across it. So it depends on the code, but my understanding is that the basic code of XT (say for a 1,000 share trade) literally means that a seller has sold that specific number of shares via their broker and that the buyer of those 1,000 shares also used the same broker.
Often it means nothing - e.g. imagine how many times a seller drops shares using ComSec and that exact parcel is picked up by a buyer via ComSec. It gets the XT code.
But... it’s fairly easy to tell when it’s been a pre-arranged meeting of a seller and buyer via a common broker - large parcels that couldn’t simply be dropped into the bid without price swings.
Seeing as so few of these seemingly large parcels are ever announced via substantial holdings, I personally believe these XT movements are most often book-keeping transactions within the holding of a single entity. E.g. moved from super fund A to super fund B, perhaps to crystallise a tax loss or to re-balance holdings across a fund in line with risk management etc.
I’m not in the finance game so others may have far better knowledge of this.
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$7.45 |
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Mkt cap ! $1.192B |
Open | High | Low | Value | Volume |
$7.49 | $7.54 | $7.39 | $6.751M | 906.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 10847 | $7.45 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.48 | 230 | 1 |
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No. | Vol. | Price($) |
---|---|---|
4 | 10847 | 7.450 |
1 | 600 | 7.440 |
2 | 8767 | 7.430 |
4 | 23132 | 7.410 |
6 | 13151 | 7.400 |
Price($) | Vol. | No. |
---|---|---|
7.480 | 230 | 1 |
7.510 | 1000 | 1 |
7.520 | 6274 | 3 |
7.540 | 4734 | 1 |
7.550 | 2700 | 1 |
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