This from the ASX website:Adjust
The Adjust takes place from 4.12 pm to 5:00 pm, Sydney time. During this phase:
- Brokers may ‘tidy up’ their orders by cancelling unwanted orders, amending orders, etc.
- New orders cannot be entered and ASX Trade does not execute trades.
- Brokers wishing to trade contact each other by telephone. ASX Market Rules ensure that trading takes place in an orderly fashion.
Trading during the Adjust phase is referred to as overnight trading.
For the full detail of how and when trading occurs, which includes the morning pre-open phase between 7am and 10am, check out the following:
https://www2.asx.com.au/markets/market-resources/trading-hours-calendar/cash-market-trading-hours
There's a lot to the market as we know it. What the majority of us deal with is the front end. But there is so much more to it.
Happy reading.
L
