LTR 2.53% 77.0¢ liontown resources limited

Why is CXXT cross trade rubish?It would dumbfounding if the bank...

  1. 2,723 Posts.
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    Why is CXXT cross trade rubish?

    It would dumbfounding if the bank I have investments in (CBA) didnt perform Cross Trades for shares that are bought/sold by it clients!

    Just incase you don't know what XT is... it means, the broker traded it without paying majority of ASX fees

    • Client A of X broker wants to sell some shares of XYZ and it was matched internally, than the broker updated ASX - not paying matching fee
    • Client B of X broker wants to buy some shares of XYZ and it was matched internally, than the broker updated ASX - not paying matching fee

    It would be crazy for medium to large brokers (in fact even a tiny broker) not too match, that 1 share would be overflow
    Last edited by ipv6ready: 05/06/23
 
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4 49526 77.0¢
 

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