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If forced to sell guessing best price on the day sold should be given?
You cannot sell or buy and they have said they won't know more for a week, not good
Think that says an awful lot about t212 and whatever intermediary they use.
Message on T212 help
As an investor in Supply@Me Capital (SYME), you have probably noticed that the instrument has been moved to a segment of the LSE (London Stock Exchange) which our execution intermediary does not support. At the moment, any orders with the instrument cannot be executed.
We are exploring our options and will provide additional details once such are available.
Don't know, but we are in the segment of the exchange with banks and funds. Make of that what you will.
Has the 10 percent bank purchase gone through?
Ex we have gone to the non CCP part of the exchange called SSX3. Has a lot of banks and funds in it.
Maybe (speculation !) 212's 'execution intermediary' is experiencing something similar to the issues surrounding RobinHood and Gamestop (GME) earlier in the year ?
See https://blog.robinhood.com/news/2021/1/29/what-happened-this-week
This bit at least seems to tie in with the 'no problem selling, but you can't buy' experience people have reported :
.."clearinghouses look at a firm’s customer holdings as a portfolio. They use a volatility multiplier, looking at specific stocks, to quantify their risk. The clearinghouse may assign significant additional charges based on how much of one stock a firm’s customers hold. If a firm’s customers have MORE BUY THAN SELL orders [my caps] , and the securities they’re buying are more volatile, the deposit requirement will be higher. ..."
.."To put it in perspective, this week alone, our clearinghouse-mandated deposit requirements related to equities increased ten-fold. And that’s what led us to put temporary BUYING [my caps] restrictions in place on a small number of securities that the clearinghouses had raised their deposit requirements on. "
This is speculation, but seems plausible....and fits the (limited) facts.
If anyone's got a better explanation, pls share.
do yourself a favour and move of 212 no serious investor would use it
yes. But I am wondering what was their earlier segment. Was it AIM? Anyone with better experience. Total aim seems to be join Premium and Standard segments.
the number of daily trades fell today..
https://www.londonstockexchange.com/stock/SYME/supply-me-capital-plc/trade-recap
Not a problme long :)
Sorry for any misleading title Havoc. It was not my intention.
SSX3 sounds promising Jack.
212 response
The instrument has been moved to a segment of the LSE which our execution intermediary does not support. Currently, no orders could be executed with it. We are exploring our options and will provide additional details within the course of next week
It seems that SYME has moved to high growth segment in lse from what I understand from the code SSX3 under market segment.
Bit of a misleading thread title, if you can still Sell then trading is not suspended, you just can't buy. If this was across all brokers then I'd agree something is afoot but my guess its mostly just an issue with 212.
T212 SYME is listed on standard not premium segment of LSE perhaps that is the issue? However, it was a standard list even before RTO so sounds a little odd.
FML. I'm an LTH. Something is afoot.
same here but no idea what that means ...if T212 is going to add it again or blah blah
can only place sell orders ....and I am not selling
"The instrument has been moved to a segment of the LSE which our execution intermediary does not support. Currently, no orders could be executed with it. We are exploring our options and will provide additional details within the course of next week. "... Forum Support Answer
T212 states: 'Moved to a market segment of the LSE which is not supported by our execution intermediary'
As the title suggests. Anyone???