It has the side benefit of controlling the change in price if the algorithm is at both ends of the "trade". The algorithm controls the price for all but a tiny percent of the days trade. It is also the main method of producing a down tick and minimises the effect of large trades in a stock. This is the direct opposite of the law that governs an illegal "artificial" price in Australia. The laws here are expected to encourage a market that is fair, orderly and transparent, and the current system is the direct opposite of what is licenced under regulation with which the ASX is obliged to comply.
It has the side benefit of controlling the change in price if...
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Last
$1.37 |
Change
0.090(7.03%) |
Mkt cap ! $353.1M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.37 | $1.34 | $455.5K | 336.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 183 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 2888 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| KCN (ASX) Chart |