Quote Originally Posted by blackcap View Post
The question I have though Peat, is is there a cost to the NZX of having a bunch of small trades go through? I understand in the past that brokers were not happy with odd lots as there was a lot of registration and administration to contend with (especially before CSN). But now with shares held in nominee by Sharesies, I fail to understand the cost that is imposed on the NZX for the small parcels that go through the screen. Maybe a bit of bandwidth but apart from that nothing else.
the cost is borne by those who experience delays in their order processing due to overloading of the NZX systems, you know what everyone has been bitching about recently. each transaction has to be recorded even if its going to the same nominee account.