Hi Dogboy, yep something is shot. and still in the dark with...

Hi Dogboy, yep something is shot. and still in the dark with these NXXT trades.

How who one tell which NXXT trade it is then from the one explained above to your explanation.

Thanks

You posted, as per your link.

columbia - they certainly count


It's related to the Chi-X trading platform which started in late November last year. In the past, when all transactions were conducted on the ASX, there was transparency for all participants as to the Bid/Ask price. Now, with multiple trading platforms, the ASX has set up a new NBBO (National Best Bid & Offer) platform called ASX-PureMatch. Basically, when bid/offers are submitted to either the ASX or Chi-X exchange, they go into the PureMatch trading system and the are executed as if they were all part of one, big trading system.

From a reporting code point of view, however, if one side of the trade is on the traditional ASX system and the other side is on Chi-X, it is reported as NXXT.

The reason why you are starting see more of it is because Chi-X only started out with the Top 50 companies, but has gradually been expanding their coverage.