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clock Created with Sketch. 17/09/18
15:39
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Originally posted by josu7
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Further to the above message on trading to the 4th decimal. I have made a complaint to NabTrade who are passing it on internally. This matter is also with the Banking Royal Commission (not sure if it is within their terms of reference).rd decimal and not the 4th as institutions are currently doing. This is particularly being done with logarithmic computer prediction trading. This clearly breaches the Corporation Act 2001 and Competition and Consumer Act 2010 as the average account cannot or is not allow trading to the 4th decimalth decimal would be beyond ACCC. They might like to engage ACIS to report on the unfair trading to the 4th decimal by some but not all share traders.th decimal and allowing of moms and dads and SMSF restrictive trades to the 3rd decimal.rd decimal for all playing in the Australian Market.th September 2018 about 25 million shares traded in PCL below the 3rd decimal most traded at the 4th decimal some lower. This left all those on most of the platforms sitting all day on 3rd decimal selling or buying nothing moved. When I look up a trading platform and it show the first cab of the rank as $0.010 and seller at $0.011 but 25 million trading at $0.01050
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Good luck getting anything done through a bank conducting an internal review of themselves. I agree this should also be investigated by the Banking Royal Commission. Commsec and other banks already charge a fee for everything else. They will keep doing so until someone with authority brings it to their attention that this is unethical at best. Shame the banks don't work this out by themselves.
