Hi all, a somewhat hypothetical trading scenario I have been thinking about: Is it possible to react to a price sensitive announcement before the majority of the market?
For example, if I was to monitor the ASX website for a new (say positive) price sensitive announcement could I then quickly place my trade through an online broker to capture a significant proportion of the rise before selling out again later that day at a higher price? The largest delay I find is the 10 or so minutes it takes for my order once placed to go from "Processing" to "In Market".
My interest was piqued in following FDL recently for a couple of hours from the moment of the FMG announcement. It appeared to me that the price remained below 0.03 for a brief 15-20 min period before taking off. Are delayed Comsec prices creating this illusion, and if so where can I get more timely price data? Also can a retail online investor match or beat the speed of professional stockbrokers in executing buy or sell orders?