Repost,
Is this fair??
Note these cross trades??
These were executed without a buy ever being registered.
Definition,
Definition of 'Cross Trade'
A practice where buy and sell orders for the same stock are offset without recording the trade on the exchange, which is outlawed on most major stock exchanges. This also occurs when a broker executes both a buy and a sell for the same security from one client account to another where both accounts are managed by the same portfolio manager.
However, cross trades are permitted in very selective situations such as when both the buyer and the seller are clients of the same asset manager. [color=red]The portfolio manager can effectively "swap out" a bond or other fixed income product from one client to another and eliminate the spreads on both the bid and ask side of the trade.[/color] The broker and manager must prove a fair market price for the transaction and record the trade as a cross for proper regulatory classification.
The problem being there was no bid or ask side.
Im 1 hour behind in QLD and thats why the time looks incorrect. I have filled out a asic complaint form, not that im expecting much.
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $350.4M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $1.540M | 14.39M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 4155665 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 4142147 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 164770 | 0.135 |
1 | 14730 | 0.120 |
4 | 16002 | 0.110 |
20 | 4094794 | 0.105 |
87 | 8847087 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 38853 | 2 |
0.105 | 112228 | 1 |
0.110 | 3687492 | 40 |
0.115 | 5364866 | 32 |
0.120 | 5711546 | 58 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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