A CX order is a "centre-point" order, meaning that the trade occurs at the midpoint between the bid and ask price. This trade only occurs when a buyer and seller specify a CX order. Plenty of these in some stocks and, I recall, they tend to have the 1/2 cent price where the stock price trades in whole cents (e.g. $5.275 where trades are normally only $5.27 and $5.28). I think ASX introduced CX trades just within the past year or two.
I could be wrong, but my guess is that more sophisticated traders use CX trades. As such, I tend to view these as evidence of trading by funds and other instos.
no news on the front, page-24
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Last
$1.65 |
Change
0.045(2.81%) |
Mkt cap ! $618.1M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.66 | $1.58 | $280.9K | 172.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1852 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 6240 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| IFM (ASX) Chart |