WDR western desert resources limited
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A cross trade (XT)is a trade between clients of one particular...

  1. BobbyKennedy
    7,785 Posts.
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    17/04/12
    20:31
    Post #: 9994962
    A cross trade (XT)is a trade between clients of one particular broker (eg Commsec) and can occur before others in queue. It can actually work in you favour.

    So Joe Blow is the highest buyer with Commsec and Peter Parker is the 3rd lowest seller but is also with Commsec. In that instance, when one of the two makers a move, the XT will join the two up and therefore bypass the first and second lowest sellers.

    God damn, that's hard to put into words!

    Hope it makes some kind of sense.
    WDR Price at posting: 97.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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