What does indicative price mean commsec?

What does indicative price mean commsec?

In the securities market, the indicative match price is the price at which the maximum volume of orders can be executed at the time of an auction.

What does indicative selling price mean?

An indicative selling price is generated by an agent who has on-the-ground experience of a local market, conducting inspections and auctions every week and who has a first-hand interaction with the property for sale (identifying factors that will increase or decrease the indicative selling price).

What does indicative value of shares mean?

the price that a share will probably sell for: The indicative price is based on the mid-price for that share at the close of business on the day shown. A prospectus and indicative price range will be released tomorrow.

How do you calculate indicative value?

Calculating intraday indicative value

1. Use the CU to get the correct share quantities for each stock in the basket.
2. Multiply the stock’s last price by its number of shares in the CU.
3. Total the products to calculate total assets of the fund.
4. Divide this by the amount of shares per CU of the ETF.

What is closing indicative value?

Closing Indicative Value means, as determined by the Security Calculation Agent, an amount per Security equal to the intraday indicative value of the Security calculated as of the close of business on a Trading Day.

How is indicative price calculated?

The Indicative Opening Price provides market participants with a probable price at which the market will open or re-open, given the current book and order activity. Indicative Opening Price is calculated by the trading engine during the Pre-Open and Reserve states based on the orders in the book.

What is indicative equilibrium price?

Indicative Equilibrium Price (IEP) is the price at which the maximum number of shares can be traded if matching occurs at that time. An IEP is calculated during the Pre-opening Session and serves as the market-opening price for the corresponding security.

What is a price step?

Price steps are the minimum price multiples for a security. The multiple depends upon the market price of the security. If BHP is trading at $17.65, its price steps are one cent. You may enter an order at $17.66 or $17.81 etc.

What is the difference between market price and normal price?

Market price is for a particular time but normal price is for a period of time. Market price is the price prevailing on a particular day or a particular time. It is the result of market demand and supply. Normal price, on the other hand, is the result of long period demand and long period supply.

What is an example of market price?

Example of Market Price For example, assume that Bank of America Corp (BAC) has a $30 bid and a $30.01 offer. There are eight traders wanting to buy BAC stock; at this given time, this represents the demand for BAC stock.

Who determines the price in a market economy?

In a market economy, prices are efficiently determined by the interaction of supply and demand, resulting in an equilibrium price at which consumers and suppliers are willing to buy and sell.

How price of a product is determined?

The price of a product is determined by the law of supply and demand. Consumers have a desire to acquire a product, and producers manufacture a supply to meet this demand. The equilibrium market price of a good is the price at which quantity supplied equals quantity demanded.

Is the right pricing a fair price?

Originally Answered: Is the Right Price a Fair Price? Of course NO. In economics, there is something called externalities which could be both positive and negative. They will thus influence the true value of a commodity.

What is the difference between list and retail price?

Listing Price: This is the amount you have to pay the supplier for the product. Retail Price: This is the suggested price at which you can sell the product.