When someone bids pre-open ~ at 80c
and some sells at 63c
(I presume to get first preference)
and the indicative price = 76c
What price does the transaction go through as?
nioka
10th-April-2008, 09:42 AM
Just a quick question -
say at close the SP = 70c
When someone bids pre-open ~ at 80c
and some sells at 63c
(I presume to get first preference)
and the indicative price = 76c
What price does the transaction go through as?
No, it is a figure where the buyers bids are offset against the sellers bids by the numbers of shares above and below a certain price. The numbers become more important than the price.
Check out CNP as an example this morning
blehgg
10th-April-2008, 09:48 AM
okays maybe I'm a bit slow...
the past SP was 75c.....
Say the Lowest sale price = 68c (preopen)
and the highest bid price = 85c (preopen)
15000 units - perfect match on both sides...
==" ?
At what price would the transaction go through then?
Would the transaction go through at 45c? or 55? if both the top transactions were even in terms of unit size
about .47
blehgg
10th-April-2008, 10:01 AM
Thanks for the replies - a bit noob =="
I thought it might have been the average ~ I'll watch the transactions on open and see what happens too
tech/a
10th-April-2008, 10:01 AM
In the CNP example.
Both buys would be at 47c
In your example
I presume you mean HIGHEST bid and Highest offer.
If perfectly matched it would sell at the offer price regardless how high the bid price is.
nioka
10th-April-2008, 10:03 AM
You must take ALL the bids into account. Have you checked CNP?
