Both Brokers then agree to the trade quantity and price. The selling Broker immediately reports the trade. In this example, the trade takes place. The two selling brokers enter the trade details. Late trades are strictly regulated by the ASX Business Rules.
Trading takes place by telephone at prices mutually agreed between the buying and selling parties.
Best Stockbrokers Ltd. Best Stockbrokers has a funds manager as a client. The funds manager needs to buy 40,000 EFG by the next day to maintain the correct balance of securities for the fund.