You know what, maybe we should complain to the FCA to make displaying bid/ask a requirement for all brokers.
This is so bad.
Haven’t you worked it out yet? T212 is opaque about big/ask prices because, in some cases at least, it widens the bid/ask range to its own advantage instead of charging transaction fees.
This is what Google Gemini told me, anyway.
Which is actually lies, it’s illegal in Europe, so Gemini’s source data is inaccurate.
But anyhow yes, if they said removing bid/ask was to keep the platform costs low, then fine. Just don’t make up a story that it’s a better indicator of current value, because it’s not.
The last traded price can swing between the bid and ask, so the pricing basis used to give an indicative performance record is not consistent.
Similarly, it does not represent a good indicator on the value of your portfolio, if you were considering liquidating some positions.
It’s a moot point on highly liquid stocks, the bid / ask spread would be narrow, but for thinly traded positions it is not a good indicator.
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Yeah it’s definitely not a good indication of price at all ever
Webull are bringing uk stocks to the platform soon to trade, they’re already on there and they have level 1 bid/ask so it’s already more of an improvement plus it’s only 50p comm
They have Nasdaq level 2 for £2.50 a month, would seriously consider moving once webull introduce isa if they do