Hi everyone.
Stumbled upon this board by accident and have been impressed with what I've read so far. The Motely Fool webmasters should get a modern board like this![Smile :) :)](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
A couple of questions about the way the UK markets operate:
I found this at Imiweb's websites:
"Limit orders can only be placed on UK orders outside of market hours. A UK limit order (which is only possible outside market hours) will be cancelled or "killed" if it is not executed at the first attempt"
"Fill or kill’ only applies to UK orders placed out of hours"
Is it just this particular broker or is it a limitation of the UK markets as a whole?
Also what is the typical execution speed of discount brokers? I've read that market makers will sit on or pass my order around until they can profit from it
Apart from the MMs, who can trade at prices between the quoted bid and ask?
Stumbled upon this board by accident and have been impressed with what I've read so far. The Motely Fool webmasters should get a modern board like this
A couple of questions about the way the UK markets operate:
I found this at Imiweb's websites:
"Limit orders can only be placed on UK orders outside of market hours. A UK limit order (which is only possible outside market hours) will be cancelled or "killed" if it is not executed at the first attempt"
"Fill or kill’ only applies to UK orders placed out of hours"
Is it just this particular broker or is it a limitation of the UK markets as a whole?
Also what is the typical execution speed of discount brokers? I've read that market makers will sit on or pass my order around until they can profit from it
Apart from the MMs, who can trade at prices between the quoted bid and ask?