ASX supposedly allows trading increments of half a cent between 10c and 50c but only allows whole cent amounts above 50c.
So how is it that I often see bids, asks, and actual trades go through at half cent increments even up to $1.335 and the like?
Is it just a guideline rather than a rule (like those Pirate codes in "Pirates of the Caribbean")? Or is the info on ASX website outdated? I've certainly bought stock at a bid of $0.645 before but haven't dared use the half cent increment higher than this so far.