Indeed Brainwave, I believe this is true. They connect their fibre optic cables through the wall and are able to 'pip the post' by thousands of a second, effectively getting their order in ahead of any detected market moving price action. I believe I experienced this on at least one occasion when passion fingers hit the buy for 200,000 units instead of 2,000. In less than a heartbeat another out of character order was ahead of mine. Worked in my favour this time as I frantically cancelled my wrong input order.
The same argument that Short traders use - such behaviour is good for the market because it adds to the liquidity to the market which of course is good for all. I believe a fee is paid to allow these algorithm traders to connect direct like this. If I am wrong about this practice, please let me know and I will gladly retract my belief/opinion.
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Indeed Brainwave, I believe this is true. They connect their...
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $371.1M |
Open | High | Low | Value | Volume |
20.5¢ | 20.5¢ | 19.5¢ | $843.2K | 4.220M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 71948 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 644737 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 71948 | 0.200 |
37 | 1819808 | 0.195 |
44 | 2212675 | 0.190 |
62 | 2281453 | 0.185 |
61 | 1862290 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 644737 | 16 |
0.210 | 988969 | 14 |
0.215 | 362171 | 9 |
0.220 | 1002314 | 26 |
0.225 | 453731 | 11 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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BRN (ASX) Chart |