Ilustrates how misleading are the closing prices which are...

Ilustrates how misleading are the closing prices which are reported to retail investors who use only newspapers or advisers for info.

Imagine what it was like prior to access to to low- cost brokers via the internet! in-house broker crossings into or out of their own funds or accounts would be based on closing prices, as they may still do re captive managed funds. Disgraceful.

Asx was compromised, being a brokers organisation, but ASIC should be different, hopefully. All ASIC has to do is state that a price can only be reported publicly as a sp if the trade represents x times standard brokerage.