What does Conditions: XT mean?

[ctp6360]

Sometimes when watching the history of trades for the day, I notice "XT" in the conditions column, what does this mean?

 

[sam76]

I believe XT to mean cross trade (when the buy and the sell are done through the same broker)

I may be wrong...

 

[wayneL]

I believe XT to mean cross trade (when the buy and the sell are done through the same broker)

I may be wrong...

Yes it means a crossed trade

http://www.asx.com.au/investor/education/basics/crossings.htm

 

[bullmarket]

Hi ctp6360

Sometimes when watching the history of trades for the day, I notice "XT" in the conditions column, what does this mean?

XT = Cross trade - basically where the one broker acts for both the buyer and seller in a transaction. There are different types of cross trades. There is info on the ASX site explaining how XT's work and the different types if interested.

cheers

bullmarket

 

[tech/a]

Hmm doesnt seem that Sam76's answer was clear so I'll just confirm that indeed XT does mean Cross Trade,and also that it occures when brokers act for each party.

This may not be clear so perhaps someone could confirm this again.

Have a nice day all.

 

[bullmarket]

Looks like I'll have to try and get the other fingers to help out the only two I have that can type

It's only 4 mins between sam's, wayne and my post and so it looks like we were all typing at roughly the same time and it was just luck of the draw and who can type the quickest that determined what order the posts appeared in.

When I started typing my reply I saw there were no replies yet to the original post

Fast typing is not my strong point :

cheers

bullmarket

 

[son of baglimit]

Fast typing is not my strong point :
bullmarket

dunno about that bull - you were pumping out the words last month !!!

 

[ctp6360]

thanks very much guys, I knew I would get a quick and reliable answer (or 4!), I think I understand what you mean but I'll read the ASX thing just so I know for sure.