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2,717 Posts.
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17/12/21
16:58
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These are all XT -> matched buy and a sell orders for the same security across different client accounts and being reported to ASX/CHESS.
Example
ABC investment Bank have X number of clients who participated in the CR.
ABC Investment banks buys in the CR
Than ABC distrubutes
ABC performs XT to client 1
ABC performs XT to client 2
ABC performs XT to client 3
ABC performs XT to client etc
No one flipping or making a profit or selling on the market.