@sheepwash i mentioned my issue the other day. ASX a horrible system. I too did the same re ComSec.
After phoning around (not even my broker could answer) I was pretty much told, you put your offer in on whichever platform, then they talk to each other. Wherever the least affect on market price will be taken. Ie. I tried to wipe 2.5c line last week. That was next best market offer. Not according to chi x. There was a 2.4 (which coincidentally was not there when I placed my order). Then no trades showed on ComSec. It still showed sp at 2c. I was annoyed.
At the end of the day, the platforms amalgamate and you should get an indicative after all trades are matched. This is that 4-4:30pm window. If no other trades occurred, we should have seen 2.4c on ComSec at EOT.
It's honestly a crock. I believe (not substantiated) that if a trade is going to push the price further up than let's say 10%, the broker (ComSec) will search the alternate platform (chi x). I would not be surprised if some 'SIs' are contacted or other parties like 'bergen' who are contacted or have triggers set for above market orders.
Again, there should not be a seperate 'market/platform' it's a perfect way to confuse and therefor make trading hazy. ASX vs chi x, it doesn't make sense - outcome achieved. It's not supposed to.
- Forums
- ASX - By Stock
- chi X
@sheepwash i mentioned my issue the other day. ASX a horrible...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add M4M (ASX) to my watchlist
|
|||||
Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $111.5M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $72.57K | 2.306M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 2451548 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 1790900 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 2451548 | 0.031 |
9 | 2284878 | 0.030 |
4 | 467619 | 0.029 |
4 | 750912 | 0.028 |
2 | 87074 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 1790900 | 3 |
0.033 | 753534 | 4 |
0.034 | 88235 | 1 |
0.035 | 326000 | 4 |
0.036 | 502822 | 4 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
Featured News
M4M (ASX) Chart |