Anyone interested30 Oct 2020 12:47
From ask but imagine the same , why speeding tickets are issued
Market rules are there for the same reason highway rules exist: to avoid roadkill. In share trading jargon, you may have heard of company so-and-so slapped with a "speeding ticket." Speed is generally good, but not when it means that your shares suddenly warped to an astronomical value seemingly without any explanation.
Perhaps one overgenerous investor spread top secret advice and caused a buying storm, causing share price to skyrocket. Dodgy company ABC, however, is keeping mum about it.
A speeding ticket (formally called Price and Volume Query) is slang for a notice issued by the Australian Securities Exchange (ASX). The notice asks a company to explain why its share price has abnormally increased in a short period of time or why there is abnormal trading volume.
It's only logical that ASX listed companies need to announce information that affect share price movement. Why share price plummeted or soared should be made public.