RE: Large volume13 Jun 2023 10:25
09:35
ASX is a "matched" market unlike AIM, so every Sell has to have a matched Buy.
There are no market makers.
"When you place an order to buy or sell products that are traded on ASX, you decide how many securities you want to buy or sell and the price for those securities.
If your broker provides advice as part of their services, your broker will help you with these decisions.
Your order to buy or sell securities is entered into the ASX trading platform by your broker on your behalf.
Buy and sell orders across the market are matched with each other. Orders are generally matched according to price and in the same sequence they were entered into the platform.
A trade occurs whenever a buy order is matched with a sell order. Following this, you will receive a confirmation that your trade has occurred."
https://www2.asx.com.au/investors/start-investing/how-to-buy-and-sell-investments
When you buy, you need to pay for your securities within two days (T+2) of your broker executing your order."