Security pricing on the ASX

[sethro]

I know that on the ASX from 10 cents down to 0 stocks trade at 1/10 of a penny. In
Canada (where I live) 0 to 50 cents stocks trade in 1/2 cent increments and then over 50 cents in 1 penny increments.

So I was just watching the Symbol AIO on the ASX which trades at 1.63 and I noticed
trades going through at 1.632 and 1.637 , so my question is how is this possible, I was under the assumption all stock over 10 cents traded in 1/2 increments on the ASX?

Any information would be greatly appreciated!

 

[Wysiwyg]

I notice the "Condition" these trades/non trades are made under is as follows.

CXXT where ....

C = Buy cancel request
X = Cancelled
XT = Crossed trade

Link to Course of Sales codes ... http://www.comsec.com.au/eric/pt2he..._Trader/MarketInformation/Course_of_Sales.htm

Can't help beyond that.

 

[skc]

I know that on the ASX from 10 cents down to 0 stocks trade at 1/10 of a penny. In
Canada (where I live) 0 to 50 cents stocks trade in 1/2 cent increments and then over 50 cents in 1 penny increments.

So I was just watching the Symbol AIO on the ASX which trades at 1.63 and I noticed
trades going through at 1.632 and 1.637 , so my question is how is this possible, I was under the assumption all stock over 10 cents traded in 1/2 increments on the ASX?

Any information would be greatly appreciated!

Someone once explained how that is done on this forum. I will try to find the thread later in the day.

Those half pip levels are not available to retail traders. Bloody annoying and not a level playing field!

 

[skc]

I know that on the ASX from 10 cents down to 0 stocks trade at 1/10 of a penny. In
Canada (where I live) 0 to 50 cents stocks trade in 1/2 cent increments and then over 50 cents in 1 penny increments.

So I was just watching the Symbol AIO on the ASX which trades at 1.63 and I noticed
trades going through at 1.632 and 1.637 , so my question is how is this possible, I was under the assumption all stock over 10 cents traded in 1/2 increments on the ASX?

Any information would be greatly appreciated!

Lol it was a thread started by you!!!

https://www.aussiestockforums.com/forums/showthread.php?t=20494&highlight=spread

 

[AlterEgo]

I know that on the ASX from 10 cents down to 0 stocks trade at 1/10 of a penny. In
Canada (where I live) 0 to 50 cents stocks trade in 1/2 cent increments and then over 50 cents in 1 penny increments.

So I was just watching the Symbol AIO on the ASX which trades at 1.63 and I noticed
trades going through at 1.632 and 1.637 , so my question is how is this possible, I was under the assumption all stock over 10 cents traded in 1/2 increments on the ASX?

Any information would be greatly appreciated!

Can't explain that, but to answer the bolded bit, no, stocks between 10c to $2 trade at 1/2c increments, but above $2 they trade at 1c increments.

 

[sethro]

Great thanks guys, really appreciate the information! Its always a bit tough
jumping from one market to another :S

cheers