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Why the 4 pt spread on ASX200 during market hours?


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Why is there a 4 point spread on the ASX200 during market hours today?

The VIX is lower than it has been for over 3 weeks so increased volatility can't be the issue?

Also, to increase the spread with no form of notice at all when people have orders in the market with buy, sell, stops & limits is hardly appropriate with no notice!

Edited by Thinker
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4 hours ago, Thinker said:

Why is there a 4 point spread on the ASX200 during market hours today?

The VIX is lower than it has been for over 3 weeks so increased volatility can't be the issue?

Also, to increase the spread with no form of notice at all when people have orders in the market with buy, sell, stops & limits is hardly appropriate with no notice!

Hi @Thinker,

Because we price our ASX cash by deriving pricing from ASX futures. Hence, the trading halt in ASX24 did not allow us to price our cash as usual. We had to use Out Of Hours pricing for ASX cash during the halt which resulted in a higher spread.

https://www2.asx.com.au/markets/market-resources/system-status

By scrolling down on the ASX website you will be able to see the technical difficulties they faced today.

All the best - Arvin
 

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