Quote Originally Posted by kiwikeith View Post
If I were buying Spark or meridian, I might be relaxed at placing an order at market. But for most shares on the NZX, you run the risk of a wide spread between buy and sell. eg at one point today the bid for Radius was 12.5c and the ask was 20c. Extreme example but you get the drift.
The NZX is a small market with many comparatively illiquid shares with small trade volumes. Especially if the depth of offers and bids is shallow and your order is comparatively large (and $10,000 could be for some shares,) you need to be pro-active, adjusting your bid or offer as necessary, with orders placed through Jarden Direct - a discount broker. Bear in mind that any shares, that are actually traded for your order, incur the minimum commission.