GRR 1.69% 30.0¢ grange resources limited.

I can't make sense of your question, so here is a demonstration....

  1. 591 Posts.
    lightbulb Created with Sketch. 8
    I can't make sense of your question, so here is a demonstration. If this is the depth during the auction:

    Column 1 Column 2 Column 3 Column 4
    1 Bid Volume Bid Ask Ask Volume
    2 10,000 12.5 11 7,000
    3 5,000 12 11.5 4,000
    4 12,000 11.5 12 6,000
    Then the match will occur at 12c, and there will be 15,000 shares traded. After the match, there will be 12,000 shares bid at 11.5, and 2,000 remaining at 12,000.

    If, prior to the match, I bid 2,000 shares at 13c, the match will still occur at 12. If I bid 2,001 shares at 13c, the match will be at whatever is behind that 12c offer (presumably 12.5c).

    See what difference one share makes?
    Last edited by soggywinks: 09/08/16
 
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30.0¢ 30.0¢ 29.5¢ $237.6K 796.2K

Buyers (Bids)

No. Vol. Price($)
4 39651 29.5¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 29998 1
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