Good morning folks
Could one of you please clarify how such sales happen ?
This morning ADI was sold under several transactions. The interesting part was the consideration was only for 28 cents changing over one share only. With commsec the minimum value is $500 and that too attract $29.95 fee unless one has a cash management acct with Commsec.
How can some one pay brokerage for one share transaction and the motive of such transactions. 21 shares transacted in 5 transactions
I beleive brokers don't pay any fees when they are the ones that are making the transaction.
EG: if broker x is buying for themselves then they don't pay fees.
I may be wrong though...
What Sam said, but it could also be partially filled orders getting moved down to be filled - especially considering the drop of the last few days.