SOR

2.38%

4.3¢ strategic elements limited

Thanks Yowie,You've just solved one of the great unsolved...

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Mr Pig

818 Posts.

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17/11/23

23:17

Post #: 70973041
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Originally posted by y0w4ll3t: ↑

I see this question all over the HC forums and have so far restrained myself from replying, but for the SOR threads I'll make an exception as generally we have purged the crazies from here for now (they will be back and I'll go relatively silent with the popcorn again). When you see the low order volumes they are not individual orders. What is happening is algo execution. So someone is placing a larger order but asking the broker's algorithm to execute it over time, for example VWAP, TWAP, spike or any other custom selection. For this, the customer only pays brokerage once, despite there being many resulting trades. If they are with a broker that allows for algo orders you will also be dissappointed to discover that their brokerage fee is likely lower than what you are paying for your non algo orders. For SOR this style of execution doesn't really make sense unless its moving on news or if the price is below the 0.1 where the order book thins out as the tick size falls. Generally for most of the trades I would do I would execute using the algos, I feel I generally get better prices and it also hides my full size I'm going after from the market and so doesn't chase it away from me. So there is no games being played or conspiracies as you will read all over HC. However if you do see these sorts of threads you can now also have a bit of a chuckle at how crazy they get.

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Thanks Yowie,
You've just solved one of the great unsolved mysteries of life!

Apparently you have access to a broker who offers this service?
Do you mind my asking which one, and whether you would recommend them generally?
How long have you been with them/it?

Thanks,

Pig.

SOR Price at posting: 8.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 4.3¢		Change 0.001(2.38%)		Mkt cap ! $20.15M

Open	High	Low	Value	Volume
4.2¢	4.5¢	4.2¢	$6.021K	135.7K

Buyers (Bids)

No.	Vol.	Price($)
1	673	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	61157	2

View Market Depth

No.	Vol.	Price($)
1	673	0.044
1	8000	0.043
4	194276	0.042
1	22722	0.041
9	477891	0.040

Price($)	Vol.	No.
0.049	61157	2
0.051	85891	2
0.053	50000	1
0.055	3389	1
0.059	55000	2

Last trade - 14.15pm 26/07/2024 (20 minute delay)

SOR (ASX) Chart

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