What's happening indeed?The ASX allows brokers to trade after...

What's happening indeed?

The ASX allows brokers to trade after hours (4.11pm to 5.00pm) but only under the following 5 circumstances. After hours trading is permitted only if the trade is:-
To rectify an error;-
To complete an order received and worked prior to the CSPA;-
A genuine hedge related transaction;-
To complete an order that narrowly missed execution in the CSPA;-
A put through – a crossing where shares are transferred.After 5pm, the market moves into the 'after hours adjust' phase where brokers can tidy up their orders and continue to report trades up until 7pm or before 9.45am the following day.

By Matt Comyn, general manager, CommSec