I looked for a good article explaining it (for my own benefit too) but couldn't find it.
Essentially, some funds play a (high) flat fee for accessing the ASX for essentially unlimited trades, where, we, plebs access the ASX through a brokerage firm, which usually charges a minimum fee for every single transaction. i.e. if we bought 4 shares worth ~$1, we would still have to pay are brokerage fee (e.g. $5-$20), making such small trades uneconomical.
They should all go to Jail, page-92
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Last
23.0¢ |
Change
0.005(2.22%) |
Mkt cap ! $657.9M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.3¢ | $1.988M | 8.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 522260 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 524269 | 8 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |