Big price difference between 212 and LSE

[phildawson]

Grab a cup of tea its a long read

Does a broker have a legal duty to provide recent indicative ask and bids?

Further more what is classed as indicative in terms of timescale? Is a quote from 1 minute ago ok? 1hr ago ok? 1wk ago ok? 1 month ok? I’ve been battling T212 for most of this year on its Bloomberg data feed and specifically AIM instruments. The main issue faced is either lack of new quotes (for sometimes weeks) or the quote is wrongly updated such as only new BIDs come in which leads to fake zero spreads. When the BID overtakes the ASK that’s got to be an indication something isn’t right. A c…