Bursa's new trading security system - discuss
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 Nov 29 2008, 11:49 AM
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#1
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25,802 posts Joined: Jan 2003 From: Penang  
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QUOTE(simplesmile @ Nov 27 2008, 11:25 PM) What is this theoretical price? Who decides what the theoretical price is? The PDF file inside (the bursa website) already got the details explanation. Basically, it will look for the best price which bulk or most transaction can be taken place. |
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Nov 29 2008, 05:09 PM
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#2
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(simplesmile @ Nov 29 2008, 04:34 PM) So, during the last 10 minutes, if I queue for selling at 1.00, but the majority of the transactions take place at 0.90, then my shares will be sold at 0.90 also? I don't like this. I have no control over the price I sell or buy. As far as I knew and understand on the new system.No. It will not be matched. The last 10 minutes, all transaction will only be done at the Theorectical closing price, which being determined by buy/sell order that key into or received by system. It is same with opening price. |
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Nov 29 2008, 06:31 PM
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#3
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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The Theorectical open and closing price work like this, (simple illutration)
The system has all the orders and total it up. Let say abc stock buy order at 1.00 got 100,000 lots 0.99 got 120,000 lots 0.98 got 20,000 lots 0.97 got 50,000 lots While sell order at 1.00 got 10,000 lots 0.99 got 50,000 lots 0.98, got 10,00 lots 0.97 got 30,000 lots So the theorectical price will be set at 0.99, whereby the most possible transaction that can be carried out ie 50,000. |
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Nov 30 2008, 11:44 AM
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#4
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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It is trade as usual, not much different in term of retailers side in normal hour trade, except the opening and closing minites only which only one price will be transacted.
If there is no order can be matched by the system, the last done price in normal hour trade will still be used as closng price. This particular normal happens on those low liquidity stock Don't need to worry much, not much difference that people will notice except for opening and closing. But it will be significant different on dealers and Bursa side. Others developed countries already use matching system long time ago. Need JRE 1.6 and above. |
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Jan 14 2009, 10:59 AM
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#5
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(whoknowz @ Jan 13 2009, 10:20 PM) noob question Yes.example ; TCP is Rm0.55 , so the matching is buyer 5k and seller was only 4k . so thats mean only 4K of transaction can be made during the 10 minute izzit ? or any transaction can be made in the 10 minute with the price of Rm0.55 , as long as it have seller and buyer ? that mean you can buy with the price 0.55 directly as long there is a seller ? |
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Jan 15 2009, 12:54 PM
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#6
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(whoknowz @ Jan 15 2009, 12:43 PM) and ya if the price raise who gonna take over our stock usually ....????? The price rise because someone willing to take those price in the first place. Get it?The price or TCP is not just a simple number or randomly generated. The price means somebody wish to have, and already key in the order. |
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Dec 28 2017, 10:00 AM
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#7
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Staff
25,802 posts Joined: Jan 2003 From: Penang
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QUOTE(TheLegend27 @ Dec 27 2017, 05:40 PM) hi, search forum found out this. Yes, the opening price should be 1.00 and executed the old example was wrong.said in ur case, isn't that the price would be match at RM1 and then after opening it would be like this? whereby 100,000 already traded at RM1?
Because 1.00 order outnumbered other. |
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