Help: What is crossing...

SL.Market wrote:How we can find the crossing happened.

As a example
There ABC shere 5000@15 to Buy and other buyer less than 15
and
There ABC shere 5000@16 to sell and other sellers more than 16


I have seen that even the oder book exsist as above
there are trading ABC share 10000@20

Please expalin this situation too...

Thanks

slstock wrote:

SL.Market wrote:How we can find the crossing happened.

As a example
There ABC shere 5000@15 to Buy and other buyer less than 15
and
There ABC shere 5000@16 to sell and other sellers more than 16


I have seen that even the oder book exsist as above
there are trading ABC share 10000@20

Please expalin this situation too...

Thanks

Simply, crossing are pre-arranged large parcel transactions done by the buyer and seller through a broker at an agreed price. When a crossign happens it shows it on CSE but the retailer ( us) does not have access to a cross as it done out side our order books.

cse.alpha wrote:Just to add to previous posts:

* Minimum value for a crossing is now Rs 20 million

* 5% limit applies on downside price at which crossing can be done
- e.g. if share closed previous day at Rs200, lowest price at which crossing can be done today is Rs190

* No such 5% limit on upside price
- e.g. if share closed previous day at Rs200, can even do a crossing at Rs250, which is 25% above closing price

SL.Market wrote:

cse.alpha wrote:Just to add to previous posts:

* Minimum value for a crossing is now Rs 20 million

* 5% limit applies on downside price at which crossing can be done
- e.g. if share closed previous day at Rs200, lowest price at which crossing can be done today is Rs190

* No such 5% limit on upside price
- e.g. if share closed previous day at Rs200, can even do a crossing at Rs250, which is 25% above closing price

Thanks....
Sorry for the rep coz i dont have power to give +rep to you

why go upper to crossing, then charges applied will higher?

cse.alpha wrote:Just to add to previous posts:

* Minimum value for a crossing is now Rs 20 million

* 5% limit applies on downside price at which crossing can be done
- e.g. if share closed previous day at Rs200, lowest price at which crossing can be done today is Rs190

* No such 5% limit on upside price
- e.g. if share closed previous day at Rs200, can even do a crossing at Rs250, which is 25% above closing price

slstock wrote:

SL.Market wrote:

cse.alpha wrote:Just to add to previous posts:

* Minimum value for a crossing is now Rs 20 million

* 5% limit applies on downside price at which crossing can be done
- e.g. if share closed previous day at Rs200, lowest price at which crossing can be done today is Rs190

* No such 5% limit on upside price
- e.g. if share closed previous day at Rs200, can even do a crossing at Rs250, which is 25% above closing price

Thanks....
Sorry for the rep coz i dont have power to give +rep to you

why go upper to crossing, then charges applied will higher?

Well in a large parcel crossing, remember there are 2 sides. Buyer wants to buy low but the seller want to sell high. SO they both need to agree to a price.