support, page-14

Tehouses, you asked about the CX trade.

hope the below helps you.


ASX TradeMatch® Advanced Order Types
Centre Point Order®

A Centre Point Order® enables execution at the prevailing midpoint of the best bid and offer of the ASX Central Limit Order Book (CLOB). These anonymous orders transact independently of the CLOB and will only transact with another Centre Point Order®. Once a Centre Point order trades, the trade will be displayed in the trade history window with condition code CX.

View ASX Centre Point Market Impact Research Paper (PDF 585KB)

Centre Point Crossing

The Centre Point Crossing enables an ASX Participant to cross at the midpoint of the prevailing best bid and offer in the ASX CLOB. Centre Point Crossings provide greater flexibility to the liquidity search process by removing the so-called ACE requirement to Appear, Create before Executing.

The functionality will provide for a 30 second opportunity between initiating a crossing and executing it at the price that existed at initiation (i.e. the crossing execution price remains available to the Participant irrespective of any movement in the ASX CLOB for that Cash Equity during the 30 second period). Once a Centre Point Crossing order trades, the trade will be displayed in the trade history window with condition code CXXT


http://www.asx.com.au/trading_services/new_market_services.htm



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