Nah, they don't pay brokers fees.
I've seen trades for $2 or $3 and less before. They use the bots to sell or buy without influencing the market and to take advantage of spread differences.
Some people scream 'conspiracy' but they're smarter people with better tools and we choose to play their game. Can't complain if we lose because of it. IMO.
strange trading...., page-11
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 (20min delay)
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Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $2.074B | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 31.5¢ | 29.0¢ | $6.131M | 20.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1710117 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 290135 | 11 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |