One can learn something every day.
Can someone please teach me how my order got filled at 16:35 after market closed? I am not complaining as my limit order was below the market price as we approached market close at 16:30 and got filled even lower.
There may be something I do not understand about how this ETF is traded. I like these ESG ETFs of iShares, (in this case it is a ESG Enhanced emerging markets ETF, EEDM) but appreciate they have low liquidity compared to mainstream things like VFEM or EMIM. Is this after hours trade something to do with an auction at the end of the day? Or market maker closing his book?
I got 6.85 and app is now showing last buy price of 6.89.
Is it typically the case that one can snag a small bargain this way at the end of a trading day?
Now I see on the London Stock Exchange web site that there was a huge volume after hours trade at my price. Is this something to do with market maker closing a huge long position? The UT code means Uncrossing Trade.
As usual, Google finds me answers. If you have been reading this, you may be interested to learn too. Apparently there is a sort of cleanup auction at the end of the day and I have benefitted because brokers who have been satisfying client orders internally ended the day with too much long stock on their books and had to find a lower price at which to maximise the netting off of bids and asks.