You put an order in through commsec to buy at 30c. It takes several minutes to process with a high chance it gets cancelled under 'orderly market' if it does go through the sell side is instantly updated with differing sell orders throughout the stack.
You then go cancel the buy order and the sell stack will instantly match that activity.
Obviously the work of BOTS.
Can anyone shed some light on who is in control of these algorithms and what's the motivation behind having them on a small cap spec like CYP?
You put an order in through commsec to buy at 30c. It takes...
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Last
23.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.21M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 24.0¢ | 23.5¢ | $13.07K | 54.91K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4000 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 5857 | 1 |
View Market Depth
| Last trade - 15.52pm 03/05/2024 (20 minute delay) ? |
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Last
24.0¢ |
Change
0.000 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| 23.5¢ | 24.0¢ | 23.5¢ | 6875 | ||
| Last updated 10.47am 03/05/2024 ? | |||||
| CYP (ASX) Chart |