Pursuant to ASX Market Rule 3 brokers must pursue 'best execution'. The below is from CommSec's PDS. Check your contract note - you may/hopefully have got your parcel for cheaper total consideration.
"As a market participant, Commonwealth Securities Limited (We/CommSec) has an obligation to obtain the best outcome for its clients when handling and executing client orders, the Best Execution Obligation. This disclosure sets out how CommSec meets its Best Execution Obligation.
CommSec will take all reasonable steps to obtain the best possible outcome for its clients. Best outcome means different things for different clients. For retail clients best outcome will mean best total consideration – in other words, the purchase or sale price after brokerage and GST. If you are a retail client, this will mean that CommSec will always attempt to obtain the best total consideration for your order unless you instruct us otherwise.
For wholesale clients, best outcome will include price, cost, speed, likelihood of execution and any other relevant order consideration. CommSec will generally give price a higher relative importance when obtaining the best outcome but may also take into consideration a range of different factors, including the requirement for timely execution, the liquidity of the market, potential price impact and the size of the order.
For both retail and wholesale client orders, we will choose a venue or venues that satisfy our Best Execution Obligation'.
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Open | High | Low | Value | Volume |
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8 | 2717347 | 2.0¢ |
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8 | 2717347 | 0.020 |
9 | 3029136 | 0.019 |
8 | 1708888 | 0.018 |
8 | 1211559 | 0.017 |
5 | 963250 | 0.016 |
Price($) | Vol. | No. |
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0.021 | 723484 | 6 |
0.022 | 442896 | 6 |
0.023 | 979953 | 9 |
0.024 | 1279435 | 5 |
0.025 | 2195344 | 5 |
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