OXX 5.26% 3.6¢ octanex limited

Tied up with Chi-X trading platform which commenced November...

  1. 5,314 Posts.
    Tied up with Chi-X trading platform which commenced November last year. Previously, when all transactions were conducted on the ASX, there was transparency for all participants as to the Bid/Ask price. Now, with multiple trading platforms, the ASX has set up a new NBBO (National Best Bid & Offer) platform called ASX-PureMatch and when bid/offers are submitted to either the ASX or Chi-X exchange, they go into the PureMatch trading system and are executed as if they were all part of one, big trading system.

    From a reporting code point of view, however, if one side of the trade is on the traditional ASX system and the other side is on Chi-X, it is reported as NXXT.

    Thats why the prices were also different than comsec might have shown for the day
 
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Currently unlisted public company.

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