Order execute TIME DELAY

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.

3 Likes

Could you give a couple of examples of what youā€™re buying?

iā€™ve been whining about this too. i donā€™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 :beer:
:grin:

1 Like

no no, iā€™m gonna hold you out on a technicality there. pies being stuck donā€™t translate to orders being submitted. mine was the time difference between an order submitted and executed. gimme back my beer! lol

1 Like

Yes thats what happens to me,Order to execution. Then the price comes through higher than you want to pay for the shares.

1 Like

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.

1 Like

Just ignores us so they can continue the circlejerk.

Possibly, Aston martin, and Novan

saving my backside here :stuck_out_tongue:

I got bored and cancelled after just one day trying to sell a low liquidity aim stock :joy: guess Iā€™ll hold until it turns into someoneā€™s pump and dump.

1 Like

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, thereā€™s not a lot T212 can do except look bad in this process. there are some stocks which simply arenā€™t liquid enough, so you canā€™t sell it. T212 merely provide a platform to trade on.

thinking about it, you canā€™t sell something if there is no one to buy it. itā€™s like if youā€™re selling a product on ebay/amazon, you canā€™t yell at either if your product isnā€™t getting sold or if it is taking 2 years to sell it simply because there is no demand for it :frowning:

If youā€™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. Itā€™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 whoā€™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 itā€™s stuck in processing compared to $TSLA it goes straight in and awaiting trigger point.

SETSqxā€¦ read above :point_up_2:
TSLA is super liquid
GGP is notā€¦ hence it trades on SETSqx and goes to intraday auction where orders are matched (if available). Again, all above :point_up_2:

I donā€™t really understand how can I buy $GGP instantly but when I submit a limit order itā€™s stuck in processing. Is this still valid as per your above explanation?

Yes. Sounds like your limit canā€™t be metā€¦ at auction or instantlyā€¦do it waitsā€¦ constantly trying either direct in the market or at the auctionsā€¦ hence the ā€˜delayā€™ā€¦ you can normally see the uncrossing auction priceā€¦ and compare to your limit so you know your limit wasnā€™t metā€¦ just look at a historic order book or time/sales data for the day in question