sharetrader
Results 1 to 7 of 7

Thread: Reading Depth

  1. #1
    Member
    Join Date
    Jan 2018
    Location
    Christchurch
    Posts
    31

    Default Reading Depth

    Hi Guys

    This one confuses me as all the off market Sells are less than the off market buys. Not sure exactly what happens here when this is the case?

    New Bitmap Image.jpg
    Last edited by madmat; 10-09-2020 at 10:59 AM.

  2. #2
    Advanced Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    1,987

    Default

    Hi Matmad ,
    I think this is quotes in pre-open ? Hard to know without a time stamp.If it is pre open, it is an auction, the trading system will work out where the most volume can be traded.
    and that will be the "match" or open price.
    You might find something on the website about pre open etc to explain this better than me .
    In simple terms .
    BID OFFER
    100,000 @ .20 50,000@ .18
    25,000@ .19 75,000 @ 21
    250,000 @ .18 150,000@ .22
    In the above example the seller at 18 would be improved to .20 , so that would be the open .
    The price will be left 20/21 50000*75000
    Hope this helps S/L

  3. #3
    Advanced Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    1,987

    Default

    ..........
    Last edited by stoploss; 10-09-2020 at 11:27 AM. Reason: duplicate

  4. #4
    Member
    Join Date
    Jan 2018
    Location
    Christchurch
    Posts
    31

    Default

    Thank you. Yes its pre open on the ASX for BRN :X

  5. #5
    Advanced Member
    Join Date
    Feb 2011
    Location
    Wellington
    Posts
    1,987

    Default

    Quote Originally Posted by madmat View Post
    Thank you. Yes its pre open on the ASX for BRN :X
    Not sure if your vendor gives you a match price but currently.85 So if buying you need to be above , or selling below this to be done at that price.
    Just be careful as it's not allowed but people manipulate the opens. Or large insto's will go in at the last possible second with big volume and take everything out .....
    So this price is only an indication because it can change in a millisecond

  6. #6
    Member
    Join Date
    Jan 2018
    Location
    Christchurch
    Posts
    31

    Default

    Quote Originally Posted by stoploss View Post
    Not sure if your vendor gives you a match price but currently.85 So if buying you need to be above , or selling below this to be done at that price.
    Just be careful as it's not allowed but people manipulate the opens. Or large insto's will go in at the last possible second with big volume and take everything out .....
    So this price is only an indication because it can change in a millisecond
    Cool thank you, I will watch to see what happens in 40mins. Im still learning heaps so this will be very interresting I use ASB, not sure how they match pricing. Couldnt see it mentioned anywhere, will have a better look later.
    Last edited by madmat; 10-09-2020 at 11:43 AM.

  7. #7
    Antiquated & irrational t.rexjr's Avatar
    Join Date
    Feb 2017
    Location
    Under the sycamore tree
    Posts
    425

    Default

    Quote Originally Posted by madmat View Post
    Cool thank you, I will watch to see what happens in 40mins. Im still learning heaps so this will be very interresting I use ASB, not sure how they match pricing. Couldnt see it mentioned anywhere, will have a better look later.
    Google ASX pre open, you'll find in depth explanations. Price match is not broker related FYI. trading is done on CHI X and ASX

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •