Member Info for Phantom25

Well of course, there's only 600 million shares out there, it's bound to be the drillers.....p r I c k

Embarrassing,
Why isn't Avacta's LFT being submitted?
Can't be A.S.'s fault. Must the US government to blame

He's not legally bound by share holders to do anything operationally. It's his ship now, Hes's 'top dog ' Head Honcho' Big Cheese' Shirley
https://www.youtube.com/watch?v=0yC4gm_vN3s

Spreadex show 100% long. US OTC market is totally irrelevant in every respect including SP movements, the volume traded is tiny

I don't think the product will stay the same for 19 years. Angle will improve it and alter the technology and there will be the oppertunity for fresh patents

I was referring specifically to how shares are bought sold and the working of the stock exchange for SETS and SETSqx

I have to say this, but nothing joshwaa has posted is correct. There I've probably just kicked the hornet's nest

One thing to note is the the spread you see on the screen is not the spread of all the MMs, they all have their own individual bid/ask spread.

It can be any size, but if it is larger than the MM advertised/published size he is not under regulation to quote within his spread. Little tip if you keep getting NT, you can try going above the advertised block size and you may get a quote, but it will be at a price higher than the ask

You have to realise that the MMs will monitor these boards and take advantage of 'wounded prey'

Depends what you mean by stock broker if you are meaning the old fashioned broker who you consult with and get advice they charge a lot If you mean the broker that you use to trade online they make their £10 fee

OK I will try and explain how a trade executes on STSqx
1, Investor asks broker for a price to trade sell or Buy
2, Broker scans the MMs( effectively banks that are registered with LSE) and gets the best quote available. There are circa 8 MMs
3,MM returns with a price, by regulation it has to be within the MMs advertised spread if the quantity requested does not breach the block size, 75K shares for HE1
4, Your broker relays the price offered by the MM to you and starts the 15 second timer for your confirmation.
5, If the trade is taken the MM reports the trade to LSE
6, Up to now there is no 'exchange trade' no price matching or no order book you have simply traded shares like you would a car to a car dealer.
7, If you don't want to trade immediately and want to place an order, you order goes to your broker and sits there until the condition for the order is met
8, for a period of about 10 mins and six times a day there is an 'auction' where investors can trade shares without using a broker or a MM and trade 'On exchange' directly with another investor. most people do not have access to the auction
9, The auction is separate and not related to the trading that goes on all day via the broker /MM route

Joshwaa you are posting utter BS. you could not have got it any more incorrect on everything you've just posted.
Also you should appologise to AgentB for saying "it surprises me that you don't know how this works

SETSqx is not SETS.
SETSqx is like SEAQ but has 6, 10 minute periods where it behaves similar(not identical) to SETS. SETSqx trades never 'hit an exchange' like SETS trades do

Joshwaa, You are wrong HE1 shares only trade on the exchange at auction time through DMA access. All other trading goes from you, to broker and then to market market maker the trade never hits an electronic exchange. If a MM made a mistake and quoted ouside bid/ask and within the block size , he could cancell that tradeany time, and that is what happened to AgentB

HE1 is open on IG also, but no leverage

When a spread bet provider will not offer trading it's because of concerns over liquidity. You can always open on quality shares but not on dodgy small caps. The provider is not taking the bet and leaving themselves open to risk, they hedge the book balance

For a long time HE1 has only been shown as 'closing only', but has just changed to fully open with leverage of 20% deposit

Count me in for £100

I used to be the IT manager for an oil company and although the traders had charts on their screens I never once saw them using indicators or drawing trend lines. But they were totally fixed on 2 news feeds that we paid silly money for.