Yes even much more than that .... these algorithmic traders pay huge sums for direct access to disallowed servers and can take advantage of millisecond price disparities between ASX and Chi-X. When you place a buy or a sell at market and part of the order is filled by the tiny orders 100 shares, 5 shares etc.. the processing of that order gives them the buy or sell signal. They can then jump in and buy or sell in advance of your order and drive the price such that you buy higher or sell lower than the 'true' market price would be.
They profit most in volatile stocks whilst ironically their proponents argue that they provide liquidity and as such reduce market volatility. Stable stocks are no good for the 'bots' or algorithmic traders.
They also don't take any risk as no positions are held overnight.
NWH to test $0.16 again, page-54
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 (20min delay)
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Last
$3.07 |
Change
0.010(0.33%) |
Mkt cap ! $1.390B | |||
| Open | High | Low | Value | Volume |
| $3.06 | $3.09 | $3.05 | $1.429M | 465.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5066 | $3.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.09 | 10227 | 3 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| NWH (ASX) Chart |