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??

Nicely worded AMR:D

Are you planning to paint some charts?:eek:

Quote:

---

Originally Posted by AMR

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

This may be of help AMR; http://www.asx.com.au/resources/educ...open_Close.htm