Options trading is the main one for me.
Would really be a disruptor in the online exchange space. I’d imagine would bring a LOT of new users too.
8 Likes
Large portion of people here are outside of the UK so ISA/LISA/JISA/SIPP aren’t that interesting for us. Would still like to see them add it but putting development hours towards features for the entire user base would personally be preferable.
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I don’t know if anyone suggested this exactly, but one thing comes to my mind, that could be really helpful I think.
If you check your Portfolio (In the mobile app at least), every value is for me in my local currency (in my case HUF). And that makes a lot of sense, because its much easier to wrap your head around local currency.
However! This does mean, that the total return is calculated including exchange rates between the currency of the stock and the local currency. If you check any individual stocks, you can see separately the FX impact and the Gain/Loss, but this doesn’t show up in the summary anywhere else that I know of. It would be really helpful to see Gain/Loss summary without including the effect of exchange rates. In this current case sometimes it’s difficult to differentiate, that the return of the stock is going up or down because of the stock market or exchange rates and it’s harder to keep track of the actual performance of the stocks.
3 Likes
Agreed! If that could be an option that we could turn on/off, it would be very handy.
Some of the other features should be prioritised though.
Two things that would help me:
- This has been mentioned as folders, but I would like some way of sub-dividing my investments. In my case this would be to monitor the performance of different investment ideas I have (like dividend chasers, Stockopedia stockranks);
2 I really would like a full list of live stocks and ETFs to quickly check if I can invest in a stock (I do a lot of AIM stuff). Would be handy too for some sort of guide to the average time it takes to get invested (waited almost 2 weeks for one particular stock recently).
Would be nice if T212 added financial information for REITS like:
- Net operating income (NOI)
- Funds from operations (FFO)
- Adjusted funds from operations (AFFO)
- Net Asset Value (NAV)
Made a thread about this but I’m not sure if anyone from the team saw it so hopefully they see it now.
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Set custom currency for Pies
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I’d like to see sorting of watchlists by some criteria and ability to sort them by yourself by drag and drop, current sort is awkward, stocks you’d want on top of a list should be added last.
The problem is that everyone in the UK wants a SIPP but the community is for the entire world where Trading 212 operates and SIPP is only for us in the UK. There isn’t SIPP anywhere else. So people in the rest of the world don’t vote for SIPP because they don’t even know what it is. I do agree with you, I have been asking for a SIPP since I became a user, I love the app and platform, but I still need to hold my SIPP somewhere else and this is a pain.
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I really want to see a SIPP. It is very important for UK customers as we all have SIPP somewhere else.
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I have fundamentally changed my priorities and wish list since I submitted my votes and originally commented. I’ve given it more thought and think that a lot of features are really nice things but don’t fundamentally affect the trades and investments that we can make.
So my thoughts now:
SIPP - I’d love T212 to provide a SIPP. However, at some stage a pension will (hopefully) get to a size where T212 isn’t the most economic place for it even with free trading. Even though I will have to pay a small trade commission/fee I can always get a much better execution price for a trade with my current SIPP provider. Thus there would be the benefit of having everything (or most things) in one place but overall I am happy with my SIPP being elsewhere that gives me direct market access and better execution prices.
Bid/Offer price visibility - I think this is a fundamental requirement and there are so many occasions where you need to know the spread
Options - I think this is probably top of my wish list. It is a fundamentally different class of investment/trade and this in an entirely different category to just having some extra data or a different way to look at the investments that we’ve already got. Whereas years ago Options simply followed and reflected the main market and the main stock market set the price and trend it is now the other way around and Options determine what happens in the main market (not least because they are the basis for leveraged products and trading)
Customisable and configurable stock screener ideally allowing user script to calculate custom indicators/values based on price analysis (ie like TradeStation or pine script). The number of times people ask how other people find or analyse/compare stocks
Dividend data and calendar - of all the data provision and visualisation options I think this is top of my list because it can fundamentally change trade decisions.
2 Likes
Can you expand on why execution prices are different please?
What do you mean - trades are placed on exchange so it’s whatever price you can get.
Prices in the app are indicative, and last year changed from bid/ask to last traded.
The trade price you or I receive for the same stock can be different based on the order of execution / matching on book.
Use the T212 API… you can get a list instantly in json that you just need to hack to csv
or sites like https://stocklist.ai/ provide broker stock lists to download on demand if you can get access to the private beta
@Dougal1984 not sure if your question was for me or @WakeMeUp, hard to tell who is quoting who on this forum.
My question was for @WakeMeUp who said their other SIPP providing has better execution prices.
Can you please inform where you can get better execution prices for your SIPP because I have searched for a lot time and none of the options are cheap. Not sure what you talking about.
@TInvest execution price can be different for a whole variety of reasons and with some brokers you will usually get prices within the bid/offer spread. The market isn’t a simple market with a single buy and sell price. For many stock there are multiple order books and a host of parties involved (aggregators, market makers, exchanges, etc,) so some brokers will look at multiple sources for the trade and get the best price. With some brokers you will have a button to get a quote for a trade which will look for the best price and will usually result in a price between bid and offer. I’ve also had brokers contact the market makers directly to place large orders
I have multiple accounts. I have a SIPP. I also have an account with IBKR (not SIPP) and previously had an IG account that provides direct market access.
Also, if you are going to trade actively Level2 can be helpful but you often have to pay extra for the level2 data and screens
This subject is a bit of a rabbit hole so I’m not sure how much info you want to answer the question. However, Investopedia has a fairly good explanation of part of the market (albeit aimed at the US market) and they say:
Understanding the National Best Bid and Offer (NBBO) is essential to understanding the nature of price improvement. Under SEC rules, the NBBO consists of the highest displayed buy and lowest sell prices among the various exchanges trading a security. Exchanges and liquidity providers can route orders to the exchange with the best quote represented in the NBBO. Alternatively, it can match or improve those prices and execute on their own market venue.
In equity markets, various liquidity providers may choose not to display their orders to avoid revealing their trading strategy. In such a case, all available liquidity may not be displayed in the NBBO. To accommodate those traders, exchanges may allow them to post their orders anonymously, away from the publicly-displayed quotes. Accessing this better-priced, non-displayed liquidity creates opportunities for liquidity providers to provide better value at execution.
Essentially NBBO gives highest buy and lowest sell across the exchanges but there are other forums (eg dark pools/private exchanges) where shares are traded as well.
Price Improvement: What It Means, How It Works (investopedia.com)
Those are literally the most expensive brokers to invest. It might give you access to more markets but definitely not worth the price, not for me at least. In my case a trading 212 SIPP would still be the best option even if I need to pay a monthly fee. Only the FX rate for those platform is like 500% more expensive than the 0.15% from Trading 212.