I'm guessing you've stumbled upon bot trading wealthy...
they are automated programs which accumulate or sell amounts (which can be tiny) of shares based upon a pre-defined algorithm...
investment banks and other financial institutions tend to use them, due to:
1) doing so allows the buyer or seller to accumulate or sell the number of shares they wish without affecting the price (hence the buyer/seller buys or sells at the price they want
2) generally they have far lower brokerage costs than the average retail investor, hence can afford such tiny packages many times over
- Forums
- ASX - By Stock
- AVB
- please explain
please explain, page-2
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne