I have had a few instances where I set a limit sell order and the share price crosses the sell order price to a higher price but my order was not filled.
This got me scratching my head, in trading terms it doesn’t look/sound possible.
The price in the ISA & Invest accounts charts is the Last Trade Price, which is the price of the most recent transaction. Orders are filled based on the market’s bid/ask prices. In your case, the Limit Order will remain pending until its target price is reached.
Thanks for the response Bogi,
I thought Limit orders are added to the bid//ask orders depending and all sell orders with lowest prices are filled before higher price sell orders.
So a sell order with a higher price cannot be filled until all lower price limit order are filled as the LTP increase.
If its different that means placing a limit order based on the chart and LTP we see may not be enough for a trade.
When I place a limit sell order where does it go? If not directly into the ask pile at that price.
I have had cases where i set a limit sell order which is above the last market price and i see later in the trading day that my limit price is breached up and my order still didnt execute. It usually is the case when it’s only a little bit above so my guess was always that the minimum spread to be pocketed by T212 and/or another market maker was not achieved but there is no transparency about that to my knowledge.