View Full Version : Buying on the close for ASX
Hi all, what is the method to buy the closing price on the ASX? Do you just submit a market order 10 minutes before closing or do you need to throw in a high-ish limit order 5 minutes before close and hope it gets filled in the marching off phase??
STRAT
17-04-2009, 07:33 PM
Nicely worded AMR:D
Are you planning to paint some charts?:eek:
shasta
17-04-2009, 08:11 PM
Hi all, what is the method to buy the closing price on the ASX? Do you just submit a market order 10 minutes before closing or do you need to throw in a high-ish limit order 5 minutes before close and hope it gets filled in the marching off phase??
Both the NZX & ASX have matching up periods during the last 15 minutes of trading, where only limit orders are processed. (i think?)
This was designed to stop the chart painting with low/high offers that differed from the daily VWAP, & artificially manipulating the closing price.
I'm sure this has been discussed on other threads in the past
marknz88
18-04-2009, 01:10 AM
This may be of help AMR; http://www.asx.com.au/resources/education/basics/open_Close.htm
Powered by vBulletin® Version 4.2.5 Copyright © 2024 vBulletin Solutions Inc. All rights reserved.