The size of stock trades in the Australian market continues to fall. But average daily turnover has stabilised as fewer investors are seeking to trade shares in the so-called dark pools, according to a report by the Australian Securities and Investments Commission on equity market activity in the three months to June.
ASIC says the average trade size was $4,900 in the second quarter. This, says the market regulator, is “considerably lower than the levels seen in previous years”. The average trade size in March 2011 was about $10,000.