I am a beginner

HI ALL, Having trouble finding my way around. Some experience with shares and none with Forums. I have posted a question regarding cross trades (probably the wrong place) can anyone help?

Its after 9pm, the night before NYE.

Chill out, please.

RobJC said:

HI ALL, Having trouble finding my way around. Some experience with shares and none with Forums. I have posted a question regarding cross trades (probably the wrong place) can anyone help?

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Hi Rob I dont know what cross trades are, but try using the index of forums on the home page and the search function.

Thanks

cross-trades are MOSTLY between brokers without directly accessing the ASX or Chi-X ( but they have to report them after the fact )

say i wanted to change brokers but NOT sell the existing holdings the brokers concerned would arrange an off-market transfer ( for a fee of course ) another case might be i inherited a portfolio of shares , now those shares shouldn't stay in the estate trust forever ( although some do for complicated trusts ) and i get those shares transferred to a different trading account ( they don't go through the market but do get registered as cross-trades

a DIFFERENT cross-trade is NXXT that is a trade directly between two clients of the same broker ( or platform ) Commsec uses that code but i assume other brokers might do the same , when that situation arises

don't panic but there are all sorts of details in there .. directors getting their performance bonuses , look at the market BEFORE it officially opens and see what is traded while the ASX is officially closed for trading

RobJC said:

HI ALL, Having trouble finding my way around. Some experience with shares and none with Forums. I have posted a question regarding cross trades (probably the wrong place) can anyone help?

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Welcome, Rob.

On the wrong thread, ( again! )
My query : would Twiggy's $ 100 Mill. recent purchase of BGA been " off- market " ?
It was a huge volume to go through the market in little over a month.

@dyna,
Just a few tips in your share trading journey and posting here on the forum.

• To find the correct thread, go to the search function in the top right hand corner and search for the company you want to comment on, in this case BGA, and ask the question there. That way you won't annoy people (and @Joe Blow ) by posting all over the place
• It is good to do your own research and ask the question here only if you can not otherwise find the answer. That will get you used to researching which is all part of the learning and trading experience. Simply asking here will not give you that experience.
• In this case, a simple search of the BGA announcements would show you that the purchases occurred between 10 Nov and 29 Dec and a look at the trading of BGA shows it is likely the bulk would have been bought on 23 Dec which indicates Twiggy may have been a bit tardy in announcing his interest.