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.
A CX order is a "centre-point" order, meaning that the trade...
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Last
$1.76 |
Change
-0.005(0.28%) |
Mkt cap ! $659.5M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.75 | $204.2K | 116.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4141 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.77 | 3709 | 3 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| IFM (ASX) Chart |