Someone yesterday was asking about 1/2 cent trades so I thought I would ask the A.S.X.Below is their reply.
"Dear CCCX,
Thank you for your email.Ultimately the ability to trade at smaller pricing increments is down to the capability of, or parameters set by your broker.Please discuss with your broker what their limits are.If you wish to view a list of brokers to enquire if they are able to transact at finer price increments, please refer to;https://www2.asx.com.au/investors/start-investing/find-a-broker-adviserFrom here you may access lists of full-service and discount brokers. Their fees and services will vary, so we recommend that you contact a selection of brokers and enquire about their fees, charges and additional services offered. A list of suggested questions to ask a broker can be found here, as well as a link to the Find an Advisor site;https://findadviser.asx.com.au/homeIf you have any further queries, please do not hesitate to contact ASX Customer Service on 131 279 or +61 2 9338 0000 if calling from overseas.Kind regards,
Kimberley Customer Service Officer"
I still get the feeling we get shafted but now we know more.
kchil
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