Hi All,The mystery deepens. I'm not convinced that the minimum...

Hi All,

The mystery deepens.

I'm not convinced that the minimum $1m rule applies to Centre Point Orders. It sounded on the "Your Money Your Call" show that they had confused it with the VolumeMatch Book trading rules which require a minimum of $1m, this would also explain why they referenced Chi-X which currently has a $1m minimum. My reading of sections 31:12 and 31.13 of the ASX guidance rules indicates that VolumeMatch has a minimum specified but Centre Point Orders do not. http://www.asx.net.au/supervision/rules_guidance/asxl/asx_section_31.pdf

If the $1m rule applied then we probably wouldn't be seeing the small sized crossing that we are seeing now?

The question as to whether retail brokers will (or are) ever able to participate in these orders remains unanswered though. I will keep digging.

Good work all, we will get a firm answer eventually!


All IMO.