TOX tox free solutions limited

Typical "bot" trading - otherwise known as algorithmic trading....

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    Typical "bot" trading - otherwise known as algorithmic trading. The ASX calls it DMA (Direct Market Access) trading, and they love it, while most of the retail traders and investors hate it.

    It is computer programs running the trades, trickling shares on or off the market, either to accumulate or to sell. Sometimes used to manipulate the price up or down ("walking the price") - and would be slowed considerably if the ASX re-introduced the uptick rule for shorting.

    Re TOX - it's almost certainly a fundie trying to accumulate, through a broker (brokers don't have to pay themselves brokerage, so they are the ones who have the access to do this type of trading).

    Very common throughout the ASX stocks.

 
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