Is it able to trade less than 100 shares in normal board with ATS7

Roboticfx

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Heard this news but no more information received. Please provide further information by someone as a help for me and forum members.

Gaja

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as per one broker its possible, like you still not clear friend

chamith

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I know for a fact that at London Stock Exchange there is no rule like 100 shares. Just have to mention numbers of shares or the Amount in £s when doing a buy or sell.

opfdo

opfdo

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Roboticfx wrote:Heard this news but no more information received. Please provide further information by someone as a help for me and forum members.

I heard, from tommorow onwards, there are no two order books, like ODD & Normal, only one. Ppl who want to put the orders less than 100, can put in the one & only order book.

2011_NewComer

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In this announcement about Consolidation of Brokerage and CDS Fees, it says 'as a consequence of the change in the Board lot size to one(1)'.
May be that's what it says.

http://www.cse.lk/cmt/upload_cse_announcements/8471329994635_.pdf

Roboticfx

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that's good. It helps lot to trade high priced shares.

maalinda

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No Odd OrderBook.

All orders Will be executed on Regular Book. Be careful Placing orders (eg: Please put minimum Qty as 100 to avoid partial Execution as odd Quantities.

cdax.lk

kav4

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2011_NewComer wrote:In this announcement about Consolidation of Brokerage and CDS Fees, it says 'as a consequence of the change in the Board lot size to one(1)'.
May be that's what it says.

http://www.cse.lk/cmt/upload_cse_announcements/8471329994635_.pdf

I can't open this message. Can someone please copy paste it here or upload it to here?

2011_NewComer

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kav4 wrote:

2011_NewComer wrote:In this announcement about Consolidation of Brokerage and CDS Fees, it says 'as a consequence of the change in the Board lot size to one(1)'.
May be that's what it says.

http://www.cse.lk/cmt/upload_cse_announcements/8471329994635_.pdf

I can't open this message. Can someone please copy paste it here or upload it to here?

You can see it here
http://forum.srilankaequity.com/t16263-23-feb-2012-consolidation-of-brokerage-and-cds-fees#106257
Smile

vikii

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somebody just bougt 1 share(ACAP) at 51, but the cost actually be 51+5+10 =66,
this odd lots confuse me!

Last edited by vikii on Fri Feb 24, 2012 10:03 am; edited 1 time in total (Reason for editing : added ACAP)

MY MONEY

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this is bullshit

aj

aj

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Can you make sure only 100 is sold or nothing? Otherwise when you sell 100. People will buy 1 at a time.

MY MONEY

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NOOOOOOOOOOOOOO

is a BUG in Direct Fn

Is it able to trade less than 100 shares in normal board with ATS7 Greg10

DJ solo

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@vikii what are u talking about? where did u get that 5 + 10 from? u mean d minimum charge?

vikii

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deleted solo wrote:@vikii what are u talking about? where did u get that 5 + 10 from? u mean d minimum charge?

yeah,
brokerage 10/- or .64% above 1562.50
cds fee 5/-or .024% above 20833.00

aj

aj

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Look at the BUKI 9 gone up by Rs. 90

MY MONEY

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guys think in a different way , are they trying to play out something (numbers game ) Basketball

Slstock

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Utter Chaos.

What a way to to manipulate market index. Look at how many companies traded with volume like 1 0r 2 . Some of them have 30% gain over the day but with 1 share traded.

Retailers seems utterly confused and maybe some broker systems might not work also. Turnover at 11.30am 109 Million! Maybe if this does change it might be lowest traded day for several years.

Is this what had been tested for months! By the way if you do not want some onetoonly buy 1 share what do you do?

I put a 200 sell order . Someone bought 26 shares. I did not want to sell 26 I wnated to sell 100. Not sure how to restrict minimum quanity like in ODD lots before

greedy

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slstock wrote:
Utter Chaos.

What a way to to manipulate market index. Look at how many companies traded with volume like 1 0r 2 . Some of them have 30% gain over the day but with 1 share traded.

Retailers seems utterly confused and maybe some broker systems might not work also. Turnover at 11.30am 109 Million! Maybe if this does change it might be lowest traded day for several years.

Is this what had been tested for months! By the way if you do not want some onetoonly buy 1 share what do you do?

I put a 200 sell order . Someone bought 26 shares. I did not want to sell 26 I wnated to sell 100. Not sure how to restrict minimum quanity like in ODD lots before

In DirectFn, there was a option for minimum fill but that has been disabled/frozen now!

2011_NewComer

2011_NewComer

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slstock wrote:
Utter Chaos.

What a way to to manipulate market index. Look at how many companies traded with volume like 1 0r 2 . Some of them have 30% gain over the day but with 1 share traded.

Retailers seems utterly confused and maybe some broker systems might not work also. Turnover at 11.30am 109 Million! Maybe if this does change it might be lowest traded day for several years.

Is this what had been tested for months! By the way if you do not want some onetoonly buy 1 share what do you do?

I put a 200 sell order . Someone bought 26 shares. I did not want to sell 26 I wnated to sell 100. Not sure how to restrict minimum quanity like in ODD lots before

I think they should allow minfill.
This will be a issue mainly for illiquid shares.
If it is a liquid share, some how your 100 or 1000 will get filled within the day. And with the announcement yesterday there won't be an issue about charges even if they get filled as several trades.

But the problem is if only 10 or 15 shares of your order get filled for the whole days.
e.g Some one has bought just one share of NAVF at 68. I don't think remaining of that 68 sell order will be get filled today. So the seller will be paying rs. 15 for that single share, if he couldn't sell some more within the day.

May be they didn't expect/think that people will start manipulating easily with 1 or 2 shares. Smile

2011_NewComer

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greedy wrote:
In DirectFn, there was a option for minimum fill but that has been disabled/frozen now!

The minfill for DFN was there. But it was active only in Odd board. It wasn't enabled for Normal board.

Does CDAX has the minimum fill option? Yesterday saw a post which was giving a message from CDAX saying to use minimum quantity to 100.
http://forum.srilankaequity.com/t16265-is-it-able-to-trade-less-than-100-shares-in-normal-board-with-ats7#106299

Slstock

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greedy wrote:

slstock wrote:
Utter Chaos.

What a way to to manipulate market index. Look at how many companies traded with volume like 1 0r 2 . Some of them have 30% gain over the day but with 1 share traded.

Retailers seems utterly confused and maybe some broker systems might not work also. Turnover at 11.30am 109 Million! Maybe if this does change it might be lowest traded day for several years.

Is this what had been tested for months! By the way if you do not want some onetoonly buy 1 share what do you do?

I put a 200 sell order . Someone bought 26 shares. I did not want to sell 26 I wnated to sell 100. Not sure how to restrict minimum quanity like in ODD lots before

In DirectFn, there was a option for minimum fill but that has been disabled/frozen now!

Yes I did notice. That why I wanted to raise the question. I am not sure what they had in mind about letting people trade 1 shares even from a disclosed lots of 100. So if you have say 5 companies in sell order you will find a buyer alright. Maybe buyer who bought 1 share from all 5 companies at the end of the day.

Just saw SELI and GOOD having a ball. Both sold 1 share at Rs 400 higher than yesterday.

What will happen if high cap illiquid has sell orders of 1 share with 20% gain over previous close. Index with sky rocket. Looks like more freedom for manipulated if they do not fix this issue with some regulation.

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Is it able to trade less than 100 shares in normal board with ATS7

1 Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 4:43 pm

Roboticfx

2 Re: Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 4:51 pm

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3 Re: Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 4:53 pm

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4 Re: Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 4:56 pm

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5 Re: Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 5:02 pm

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6 Re: Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 6:13 pm

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7 Re: Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 6:53 pm

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8 Re: Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 9:20 pm

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9 Re: Is it able to trade less than 100 shares in normal board with ATS7 Thu Feb 23, 2012 9:37 pm

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10 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 10:01 am

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11 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 10:11 am

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14 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 10:27 am

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15 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 10:34 am

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16 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 10:37 am

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17 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 10:45 am

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18 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 11:41 am

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19 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 11:59 am

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20 Re: Is it able to trade less than 100 shares in normal board with ATS7 Fri Feb 24, 2012 12:01 pm

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