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ASX Ordinary Shares Market Makers

Discussion in 'Stock Market Nuts and Bolts' started by Triple B, Sep 30, 2017.

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  1. Triple B

    Triple B

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    Hello.

    Does anybody know if the ASX uses Market Makers for ordinary Share Markets ?
    According to their website , they use them for Bonds ,ETOs,ETPs, Index derivatives,Interest rate derivatives and energy derivatives.
    No mention of ordinary shares.
    http://www.asx.com.au/products/market-maker-arrangements.htm

    I will keep looking for a definite answer, and if I cannot find one will email ASX.
    Currently studying VSA and Wyckoff and would like to be able to factor in the market maker when studying the charts.


    Thanks
     
  2. cutz

    cutz

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    Not on ordinary stocks.
     
  3. Triple B

    Triple B

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    Ok Thanks.
    How do you know this?
    Would explain the lack of liquidity that I sometimes see lamented here possibly?
     
  4. cutz

    cutz

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    Common knowledge.

    Which stock are you looking at ?
     
  5. Triple B

    Triple B

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    None specifically. Asx 200.
    currently paper trades , but find the large volume bearish bars interesting.
    I will be researching a bit further.
    Thanks for the replies
     
  6. Triple B

    Triple B

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    I have CSR on paper..
    csr_ax04apr17_to_07oct17.png
    My most profitable so far.
    The First large bear bar is the one that looks like a market maker has absorbed the selling.Providing liquidity
    Then the Big money buying in the trading range.
    Then market maker is last to distribute at or above $4.80
    But if no MM then must be Smart/Big Money buying on markdown. Who else would buy a falling stock on big vol?
     
    Last edited: Oct 1, 2017
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