one thing I don't get

Discussion in 'Share Investing Strategies, Theories & Education' started by TheCamel, 7th Sep, 2007.

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  1. TheCamel

    TheCamel Active Member

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    1st Jul, 2015
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    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 ?
     
    TheCamel, 7th Sep, 2007
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    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.
     
    Simon Hampel, 7th Sep, 2007
    #2
  3. Tropo

    Tropo Well-Known Member

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    The basics of the share market - Calculating opening and closing prices on ASX
    :cool:
     
    Tropo, 7th Sep, 2007
    #3