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
Add STX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $1.785M | 8.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 3486632 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1783463 | 9 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |