Does Chi-X offer stocks not traded on ASX?

[DeepState]

Does Chi-X even trade ETO? They trade warrants, ETFs and ordinary stock....but not ETO to my understanding. So what are these MM peeking at?

 

[OmegaTrader]

Are you talking about order at the same price? OR a superior price?

So you send a buy order via Comsec for ETO... say 500 @ $7.50. Do you see a market maker jump in front of you @ $7.50 or $7.51 (or higher)?

there is no market on long term index eto.

No orders, no prices, no one trades it. View more of along term investment to take advantage of current option prices or longer term view etc. This means lesser distortion.


so I put in a quote to see the prices

Then the mm quotes to capture the spread on top of the their fair value of the option calculation

their quotes come in before mine hits the market.

Mine stays there but the MM adjusts for small changes in the index price by cents in microseconds and then a pulled about 2 mins or so etc So they can still get their benefits for quoting

The point is their quote hits before mine.

How is the question. They must be able to see something I can't. I hypothesise it was chi-x along with some kind of tracking etc.

 

[Trembling Hand]

their quotes come in before mine hits the market.

How the hell do you know? You would have to have micro second time stamps on the order book quotes and a way of capturing it.

Or your data is dodgy.


Or a more likely explanation considering your trading an unqouted product. (though I would still want to see a vid) is that ASX has delays set for MM products without any orders to safe guard people from themselves. What I could imagine is if there is an unquoted product the ASX will not allow any orders into the book until the MM algo has provided best bid/ask quotes based on their pricing. Then the ASX can pass the order through its allowable price filters. and if they pass put them into the order book.

100% acceptable market practice to save erroneous trades and nothing to do with BS front running you are talking about.

 

[Trembling Hand]

Omega surprised you haven't got anything to say about this?

 

[OmegaTrader]

Omega surprised you haven't got anything to say about this?

sorry ,

Yeah sounds more plausable

I still think there is silly buggers somewhere though.

 

[cutz]

there is no market on long term index eto.

No orders, no prices, no one trades it. View more of along term investment to take advantage of current option prices or longer term view etc. This means lesser distortion.


so I put in a quote to see the prices

Then the mm quotes to capture the spread on top of the their fair value of the option calculation

their quotes come in before mine hits the market.

Mine stays there but the MM adjusts for small changes in the index price by cents in microseconds and then a pulled about 2 mins or so etc So they can still get their benefits for quoting

The point is their quote hits before mine.

How is the question. They must be able to see something I can't. I hypothesise it was chi-x along with some kind of tracking etc.

Hi.

When you place your ETO order on the Comsec platform, a Comsec dealer will normally request a quote for you ( if no quotes are showing ) before approving your order, this is what you are seeing, also last time I checked aussie ETO's only trade on the ASX.