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Hi all i'm new in here, I just wanted to ask a newbie question. I have put a small buy order in around half an hour ago and it still hasn't gone through yet, it still says processing is this normal please. I am using Trading212. TIA
Ant hi and welcome, yes its normal just wait and it will be processed :-) Did you put it on BUY LIMIT.
Good luck.
Tom :-)
No just a buy I suppose I have learnt a lesson if sp goes sky high now while I am waiting lol. It is only a small order of 10,000 shares but never experienced this before. How long can it take.
Ant hi, you can if you need phone your broker and discuss the buy and maybe they can put it through for you. It could be down to a lot of trading and your buy price just has not been accepted by the system. It should be sorted out by now so give it another 10 mins then if it has not gone through phone your broker.
Good luck with it.
Tom :-)
10k shares is a respectable start.
Give it time for the processing to happen.
Top up shares at a later dates if you want.
ATB
Sharkey
Thanks all I will give it a bit longer even though it has been an hour now, then I will ring them. How long does it normally take to place an order please.
Ant the market size for this stock is 300000 shares ...your order should have been executed at the offer price or better straight away.... call the broker and ask for an explanation would be may thought !!!!!!
He's spamming Trading 212. I mean, who the hell places an order for 10k shares in GGP and then waits an hour for it to process rather than buying at best? Filtered
Hi. Interesting to note - where did you find that figure from? How do you know it's 300,000 shares max? Thanks.
if you look at the section where it displays Market cap ,High/Low of the stock the market size is displayed stated.....
I hope Schemiel is not talking about me scamming.
I have tried to phone 212 and no joy at all saying they cannot take my call so I have emailed them instead thanks for all your advice. I don't know what else to do but wait now. Still processing now!
antmoss it is slightly odd that you have experience in buying and selling bank shares based on your previous posts and so not sure how you have not got to grips with this transaction ?? MFU
Ant have you tried to cancel the order and try again later ?? But if you press cancel make sure it is confirmed !!!!!!! by it saying "executed" or cancelled !! GL
Also Flashy it,s not max it,s min they have to sell / buy min of 300000 shrs if the order is larger that this they can negotiate with the client depending on their book and position or execute as they wish....
When I press the order it says processing and I cannot do anything else with it. Sorry for being a burden I will sort it one way or the other. Don't think others on here want to help anyway which is all I am after.
antmoss it is slightly odd that you have experience in buying and selling bank shares based on your previous posts and so not sure how you have not got to grips with this transaction ?? MFU
ManFromUruguay how am I supposed to get to grips with this order, I have sent a contact form, phoned them and emailed them can you tell me what else I can do to get to grips with it.
ok fella did you do anything differently to what you did previously ? If no then I would ring up. If limited service due to CV then try and cancel as TomE suggested and try again. An order for 10k shares did go through around 11 am but it looked like a sell at 4.22 however it looks like a buy has gone through at 12.52 for 10,000 at 4.4p -that could be it ? GL MFU
This is the link I use to check trades https://www.sharesmagazine.co.uk/shares/share/GGP/trades
Ant is this yours:-
Apr 3 2020, 12:52 4.40 10,000 4.25 4.50 Buy £440.00
ManFromUruguay done nothing different my buy was around 11.15 and it still not gone through. Phoned them about 6 times now and keep getting cut off with them saying email us which I have done. Mine was for 10,000 @ 4.30 but as I said it is still processing. Thanks anyway MFU
MDC1
I am not sure that you are correct in saying that a market maker must deal in 300,000 (in the case of Greatland) if your order is for more than that number.
When I was a stockbroker many years ago in the days when all deals were done over the phone, if the client's order was for more than the market size you would phone a market maker and ask what he would quote for more. If the quoted spread was say 4.5 - 4.6 he might say 0.2 out in 400,000 one way. He would not know whether you were buying or selling, and you would not know whether he was prepared to deal in 400,000 at 4.52-4.6 or 4.5 to 4.62. You could say thanks very much I will try elsewhere, and you would then see whether someone else might quote you, for example, 0.1p out one way. You might be lucky and find that another market maker might quote you 0.1p out in 400,000, so in effect his price is 4.49-4.61 in up to 400,000 irrespective of whether you were buying or selling, and you could decide to deal with that market maker. The first market maker was therefore not required to deal in the market size of 300,000 shares.
Thanks MDC1 - but how is that figure derived? I mean we have 3.6 billion shares and another 0.6 billion, but how is that 300,000 figure determined? Thanks for the help.
you are correct archways the 300000 is the NMS Nominal Market Size for greatland your explanation is a little bit more advanced than I thought I needed to explain I too am from the Broking world and an ex MM (please dont expel me from the board) I was trying to simplify my answer in order that smaller buyers and sellers dont get ripped off.
If your order is less than the NMS OF 300000 then the MM must execute the trade at the market or better....
By the London Stock EXchange in consultation with the Market Makers who request to make markets in the stock. they can move the NMS either up or down depending on the liquidity of the stock and daily volume. but to move it they must request in writing to the LSE and give 24 hour notice that its changing. or thats what used to happen it may have changed since my time but i,m sure its not far wrong.
Well everyone guess what yes my order has been filled and yes you probably guessed it, I put the order in almost 3 hours ago for 10,000 @ 4.30 and it was filled for 4.58 so am already down :( have tried phoning yet again but alas no chance. Just thought I would update you all.
MDC1 & Archways great posts lads.!