As a relatively seasoned trader the following baffles me, can someone with some knowledge shed some light on this for me.
My understanding is that when you place an order, it goes into a queue, you wait your turn until someone buys/sells at your nominated price. As far as I know, there is no cutting in line but can you guys explain this to me.
I placed an order to sell 300,000 VIL at 4.5 (Im not selling out, just scalping today).
The first 145,000 my shares was sold 11:45:11, then a further 100,000 at 11:52:58
55,000 remains unsold yet that order is now second in the queue at 4.5?
There have been 9 orders at 4.5 that I wasnt filled on, totalling 726,000 shares.
It seems to me someone with 750K shares jump the queue and got in front of me somehow. How can this be and how can I do it? :)
(is it something to do with Commsec trying to cross these trades to other members?)
VIL Price at posting:
4.4¢ Sentiment: ST Buy Disclosure: Held
