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Jako8557

16,642 Posts.

1291

29/03/17

08:41

Post #: 23694858
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Originally posted by gypaetus ↑

Geez Jako neither am I, but the consistent and continual small parcels are not retail, so there is some "sophisticated" agent involved. Some platforms show the market and condition code, CMC which I use doesn't but we can deduce that the trade at 11:09:15 for 429 @ 0.7725 would be an ASX Centrepoint trade - because 0.7725 is not a price you can manually enter. That means the spread was bid 0.770 and ask 0.775 (mid point being 0.7725). Centrepoint is a dark market and you would need to trading using Iress or something similar - again not your average retail punter.

Being a dark market no one can see what's on offer the only way is to hit it and see what you get, which can explain the small orders. Being a midpoint market you'll get higher than the bid if selling which encourages the distributors, and you pay less than the offer if buying which encourages the accumulators - providing there is someone on the other side of the trade to match with.

It just speaks to the fact that there is more than just retail traders involved, and the consistency that it's not just a couple of HC traders manually entering in orders.

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yeah, I understand that...thanks.

I checked for any crossed &/or conditional trades, but none were substantial.

eventually, it will become clear

cheers
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