ASX VolumeMatch Prices and Automated Order Routing
Live VolumeMatch® Prices
VolumeMatch® execution prices for stocks within the S&P/ASX 200 index are now available live throughout the day on the ASX website at the following link:
This link provides time-stamped VolumeMatch® execution prices in an easy-to-read manner for S&P/ASX 200 securities, alongside the minimum order volume for each security for a given VolumeMatch® price.
This information is provided for those users without direct access to the ITS Trader Workstation. ASX is also continuing to work with those vendors who are not providing access to VolumeMatch®. ASX previously released a market circular noting where the same information can be found on Reuters.
Over $2.5 billion in Automated Order Routing into VolumeMatch®
The level of automated order routing into VolumeMatch® has increased significantly in the last 8 trading days. In the eight trading days to 3 August, 2010, the total order value into VolumeMatch® was between $2.5 billion and $3.0 billion across a wide range of ASX listed securities. Given the nature of the VolumeMatch® service it is not appropriate for ASX to release specific details on order values, order numbers, or individual securities.
Note as a result of the mechanics of VolumeMatch®, the dollar value of orders noted above may overstate demand due to the same order being entered multiple times. At the same time this number may understate the underlying demand of larger orders sitting behind the orders entered into VolumeMatch®.