These multiple trades just distort the market - which is illegal --- but nobody does anything about it.
Total BS. They are 100% legal . The ASX has designated market makers who are contracted to make the trades.
"Market makers have an important role in ensuring that buyers and sellers can transact in markets. They provide liquidity to the markets by providing quotes during the trading day and updating their prices to reflect changes in the underlying markets. The appointed market makers receive incentives from ASX when making markets in accordance with the market making specifications under the schemes."
https://www.asx.com.au/markets/market-resources/market-maker-arrangements
HC posters shroud learn how the ASX operates instead of constantly engaging in lunatic conspiracies.
These multiple trades just distort the market - which is illegal...
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $7.357M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $7.268K | 3.139M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 11442993 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 47068874 | 40 |
View Market Depth
| Last trade - 15.58pm 31/05/2024 (20 minute delay) ? |
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Last
0.2¢ |
Change
-0.001 ( 20.0 %) |
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| Open | High | Low | Volume | ||
| 0.2¢ | 0.3¢ | 0.2¢ | 2364054 | ||
| Last updated 14.51pm 31/05/2024 ? | |||||
| EDE (ASX) Chart |