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u sell order at .165.what does that mean?, page-8

  1. 18,813 Posts.
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    From the ASX web site - interesting to note that the undisclosed number always trades first.

    The following rules apply to undisclosed quantities:

    Undisclosed quantities are visible only to the broker that placed the order.

    The quantity may be specified as undisclosed if the order consideration is at least $200,000.

    SEATS displays ‘/u’ alongside an order whenever there is an undisclosed quantity.

    The quantity may be partially disclosed and partially undisclosed, provided the undisclosed portion has a consideration of at least $200,000.

    The undisclosed quantity always trades first.
    As soon as the consideration for the undisclosed quantity falls below $200,000 the full order quantity becomes disclosed.

    As for all orders, the order price is visible.
 
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