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one thing I don't get

Discussion in 'Shares' started by TheCamel, 7th Sep, 2007.

  1. TheCamel

    TheCamel Active Member

    Joined:
    13th Aug, 2007
    Posts:
    30
    Location:
    Canberra
    At the time of writing, Commsec shows a buy order for CBA for 56.000 for instance, and the highest Sell order of 53.700

    In this case, why isn't the buy order fulfilled at 53.700 ? Obviously the buyer is happy to pay up to 56.00 a share, wouldn't you be happy to get it at 53.7 instead ?

    Obviously, i understand the buy/sell prices need to match for a trade, but, how come ?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    It's possible that the trade just hasn't been completed yet ... with a buy price higher than the sell price, the sale will proceed in due course.
     
  3. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    The basics of the share market - Calculating opening and closing prices on ASX
    :cool: