BrainShit
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What went on here?
A "Special Crossing T3" trade done at the Credit Raise issue price, for 10.12 million shares, totalling almost 2 million dollars??..
View attachment 67251
View attachment 67252
Must be the LDA shares, but?..
Just to explain what an T3 is...
A Special Crossing T3 is a type of trade execution on the Australian Securities Exchange (ASX). It refers to a special crossing that settles on T+3, which means the trade settles three business days after the trade date.
Special crossings are typically large volume trades executed off-market between two parties at an agreed price. The "T3" designation indicates the settlement timeframe, which is longer than the standard T+2 settlement cycle used for most regular trades.
These special crossings are often used for block trades or when transferring large positions between institutional investors. They allow for the execution of significant transactions without immediately impacting the market price of the security.
It's worth noting that there are different types of special crossings, including T2 (settling in two days) and those that settle in timeframes greater than or equal to T3 but less than T2, depending on the specific requirements of the trade.