On Friday Afternoon, I placed a Market Order to sell 3000 XYZ. I received confirmation by the website that my order had been placed with National Online Trading at 15:58:51.
I have been informed that since Market Orders are a manual process, my request didn't hit SEATS until after the market had closed. At the time (approximately 16:01:00), my Market Order effectively became a Limit order at the best price (Lets say 310). During this "pre-open" stage, my order was trumped by other sellers effective leaving me stranded at 310.
Accepting this as a pitfall of a "non full brokerage service", I would have assumed that my order would have been executed the following Monday morning on open. However, even though I wasn't notified, National Online Trading effectively changed my Market Order to a Limit Order at 310.
Who gave them permission? Apparently I did when I placed my Market Order.
What did it cost? $600.00
What did I learn? Never to use this service again.
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(20min delay)
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Last
$34.64 |
Change
-0.050(0.14%) |
Mkt cap ! $107.5B |
Open | High | Low | Value | Volume |
$34.85 | $34.92 | $34.51 | $137.2M | 3.961M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 18858 | $34.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.65 | 628 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4671 | 34.630 |
1 | 18136 | 34.610 |
3 | 9130 | 34.600 |
1 | 5012 | 34.590 |
1 | 5710 | 34.580 |
Price($) | Vol. | No. |
---|---|---|
34.650 | 628 | 1 |
34.660 | 3561 | 1 |
34.670 | 5000 | 1 |
34.700 | 4636 | 3 |
34.710 | 2926 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
$34.65 |
  |
Change
-0.050 ( 0.02 %) |
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Open | High | Low | Volume | ||
$34.81 | $34.91 | $34.51 | 521712 | ||
Last updated 15.59pm 28/03/2024 ? |
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