Why is it taking so long to execute orders. i order at one price then buy the time the order is executed the price has gone up. 3 orders in 3 days, sometimes up to 15 mins. Then it wasnt worth buying. these have been on the uk market and US.
Could you give a couple of examples of what you’re buying?
i’ve been whining about this too. i don’t think anyone has broken my record yet. was buying Wayfair into a pie and the execution time was 40mins! try beating that lol
Two days trying to withdraw a pie slice.
hold my beer
no no, i’m gonna hold you out on a technicality there. pies being stuck don’t translate to orders being submitted. mine was the time difference between an order submitted and executed. gimme back my beer! lol
Yes thats what happens to me,Order to execution. Then the price comes through higher than you want to pay for the shares.
Without knowing what stock you are talking about we can only guess that there was low liquidity for that stock ie lack of people selling at a price.
Just ignores us so they can continue the circlejerk.
Possibly, Aston martin, and Novan
saving my backside here
I got bored and cancelled after just one day trying to sell a low liquidity aim stock guess I’ll hold until it turns into someone’s pump and dump.
Pushed through two orders for IDEX and none of them were successful. Chart not updating, @Team212 can you look into this please?
$GGP chart not updating and orders are showing as processing in endless loop @Team212
@Team212 pending orders being stuck again for $GGP
yeah, i got fed up of ranting about this and did some research too. sadly, there’s not a lot T212 can do except look bad in this process. there are some stocks which simply aren’t liquid enough, so you can’t sell it. T212 merely provide a platform to trade on.
thinking about it, you can’t sell something if there is no one to buy it. it’s like if you’re selling a product on ebay/amazon, you can’t yell at either if your product isn’t getting sold or if it is taking 2 years to sell it simply because there is no demand for it
If you’re instructing a stock trading on the SETSqx platform then T212s default is to place it via the RSP in to the intraday auction. This is entirely understandable until the auction provides no legitimate 2 way price because of lack of liquidity. There are technical and non technical solutions to this. One, find RSPs happy to execute rather than placing the order on-book. It’s what Freetrade seem to do. There RSP network is limited yet GGP executes immediately. The other solution is T212s broker to pick up these pending orders and voice trade them. Just go to a market maker directly who’ll make you a price. It raises best execution issues but my compliance officers were always happy to sign off when I had to do similar things for clients back in my days of managing brokerage teams.
@Team212 every time I submit a buy limit order for $GGP it’s stuck in processing compared to $TSLA it goes straight in and awaiting trigger point.
SETSqx… read above
TSLA is super liquid
GGP is not… hence it trades on SETSqx and goes to intraday auction where orders are matched (if available). Again, all above
I don’t really understand how can I buy $GGP instantly but when I submit a limit order it’s stuck in processing. Is this still valid as per your above explanation?
Yes. Sounds like your limit can’t be met… at auction or instantly…do it waits… constantly trying either direct in the market or at the auctions… hence the ‘delay’… you can normally see the uncrossing auction price… and compare to your limit so you know your limit wasn’t met… just look at a historic order book or time/sales data for the day in question