Anyone knows advantages of new system?

sajeethk wrote:It take couple month to see the advantage..

mark wrote:

sajeethk wrote:It take couple month to see the advantage..

advantages such as?

chamith wrote:Index can not the manipulated with odd lots.
I read a news article from CSE and it says odd lot transaction are not taken into account when index is calculated.

chamith wrote:I read in a news article.

chamith wrote:Index can not the manipulated with odd lots.
I read a news article from CSE and it says odd lot transaction are not taken into account when index is calculated.

Roboticfx wrote:1. Faster than ATS6 but I haven't feel a such change.
2.It is possible to trade shares which were in the odd board easily.
3.Investors can buy and sell their own share quantity.
4.Any investor can manipulate the market just spending less than 30 rupees and with 1 share.
5.Brokers and other parties earn much.
6.Greedy advisers can put new investors into troubles easily and earn some money.
7.Higher responsible authorities can show there power and elite by acting as duds when investors complain.
8.Brokers cannot purchase shares with zero money so far.
9.Brokers don't have much work to do so they can have fun in the job time.
10.Panic selling has become less because of less no of trades.

Roboticfx wrote:1. Faster than ATS6 but I haven't feel a such change.
2.It is possible to trade shares which were in the odd board easily.
3.Investors can buy and sell their own share quantity.
4.Any investor can manipulate the market just spending less than 30 rupees and with 1 share.
5.Brokers and other parties earn much.
6.Greedy advisers can put new investors into troubles easily and earn some money.
7.Higher responsible authorities can show there power and elite by acting as duds when investors complain.
8.Brokers cannot purchase shares with zero money so far.
9.Brokers don't have much work to do so they can have fun in the job time.
10.Panic selling has become less because of less no of trades.

chamith wrote:I read in a news article.

chamith wrote:Index can not the manipulated with odd lots.
I read a news article from CSE and it says odd lot transaction are not taken into account when index is calculated.

chamith wrote:
Like i said i read somewhere that odd transactions does not affect the ASPI but i dont know if thats true.

chamith wrote:Mark,

I also have experienced the issues with the new system. Sometimes I can not see the list of transactions of a particular share. Its a well known fact that if some one shake few large cap counters, the whole market will shake.

What i dont understand is why people are so worrying about having to hold odd number of shares? If you have 149 shares of a company, there is nothing wrong with that. Its the same value. if someone try to trade few shares just to push it up/down, then they get a small punishment. eg: sell 1 share of DIAL and he will end up paying extra for the share he sold.
Like i said i read somewhere that odd transactions does not affect the ASPI but i dont know if thats true.

monash wrote:

chamith wrote:
Like i said i read somewhere that odd transactions does not affect the ASPI but i dont know if thats true.

I think you talk about this LBO market report,

Brokers said they were still getting used to a new automated trading system upgrade at the Colombo Stock Exchange which was keeping transaction volumes down.

With the so-called 'odd lots' board no longer in place and all stocks going through the main board single shares were being traded at high prices.

However a stock exchange spokesman said trades below 100 shares were not included in the index. Under the earlier system odd lots used to trade to a discount to the main board.

http://www.lbo.lk/fullstory.php?nid=1075963694

mark wrote: the problem is even though we sell 100block,some bugger buy 1 or 2 shares and make loss trade for us Mad
eventually we end up with payable to brokers Evil or Very Mad

how is that possible ,btw thanks