Forum Archive Index - April 2001

["Malcolm Cameron" <malharcameron@hotmail.com>]

this market depth availability in australia is not a bed of roses a lot of 
financial vendors I.E. stockbrokers business papers etc. have published 
warnings to ignore this figure as it is possible to manipulate it with dummy 
orders that are never meant to be filled until they can publish all details 
of the orders not just the volume this market depth figure is a possible 
sham
malcolm cameron


>From: "SWLEE" <SWLEE@xtra.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: [sharechat] NZSE market depth
>Date: Tue, 10 Apr 2001 16:00:07 +1200
>
>Hi all sharechat readers,
>Refer to article below.
>What do you think about this bunch of naive, incompetent, indecisive lot
>that runs the NZSE?
>
>1) My understanding of the whole issue was that the CEO of NZSE was
>reportedly quoted "The market depth is a institutional tool not required by
>retail investors". It shows how naive and out of touch they are with market
>force. After months (years?) of deliberating,  now that they are finally
>convinced there is some validity to make such information available to all
>investors, they are still dragging their heels over such a simple issue. I
>guess it is going to take them a another few months/years in this " still
>considering" phase before we get a final go ahead.
>
>2) My understanding is that one of their roles is to ensure/foster an
>informed market. We all know that there is no level playing field by 
>virtual
>of their reluctance to make market depth information available, yet they
>appear to be indifferent to this fact.
>
>3) By virtual of their indecision, they also do not seem to be able
>acknowledge the fact that they are the cause of  unnecessary inefficiency 
>in
>our share market. For example, the amount of time being wasted to the 
>investors and
>the share brokers alike by having to phone the brokers to seek market depth 
>before
>placement of orders;  the number of unsuccessful transactions resulting 
>from
>mismatched price/number of shares.
>
>Are they the same people that involved in the hotly debated Montana shares
>dealing?
>
>They certainly can learn a lot from their counterparts across the Tasman.
>
>I appreciate this issue has been raised in this forum, but can we
>collectively put more pressure on them?
>
>
>
>
>----- Original Message -----
>From: Phil Boeyen <pboeyen@sharechat.co.nz>
>To: <newsalert@sharechat.co.nz>
>Sent: Monday, April 09, 2001 10:29 AM
>Subject: [newsalert] Market Depth still on the boil
>
>
> > Market Depth still on the boil
> > The NZSE says it's still considering making market depth information
> > available to individual investors in New Zealand but it doesn't have a
> > specific timetable for any decision.
> >
> > http://www.sharechat.co.nz/articles/20010409-NZMKTmarketdepth.shtml
> >
>

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