HCMC Update/Refresh

[phildawson]

So there’s two issues here:

1. Bloomberg is being ■■■■ in providing recent indicative prices, this is definitely a thing (I have a whole thread on it)

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…

2. When you place an order T212 calls Interactive Brokers via it’s API. It’s then up to IB to place the order, and then pass back the response to T212 on placing/filling/rejecting

So it’s most likely IB, or the reject message coming back to them. So it’s a case of sit tight whilst @David @Rumen etc investigate that