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  • FIRST POST
    • JDoon
    • By JDoon 10th Feb 18, 3:28 PM
    • 6Posts
    • 0Thanks
    JDoon
    Fund Purchase
    • #1
    • 10th Feb 18, 3:28 PM
    Fund Purchase 10th Feb 18 at 3:28 PM
    Hoping someone can help with query on fund purchase -

    I'm thinking to place order for HSBC Global Strategy Balanced fund next week and unsure how the purchase will be processed. If I place an order first thing Monday prior to the cut off time will the order be processed Monday or will it be Tuesday?

    Thanks in advance
Page 1
    • A_T
    • By A_T 10th Feb 18, 3:30 PM
    • 313 Posts
    • 191 Thanks
    A_T
    • #2
    • 10th Feb 18, 3:30 PM
    • #2
    • 10th Feb 18, 3:30 PM
    depends which platform you are using
    • JDoon
    • By JDoon 10th Feb 18, 3:44 PM
    • 6 Posts
    • 0 Thanks
    JDoon
    • #3
    • 10th Feb 18, 3:44 PM
    • #3
    • 10th Feb 18, 3:44 PM
    It's Charles Stanley, trade cut off is I think 11:00am.
    • bowlhead99
    • By bowlhead99 10th Feb 18, 6:25 PM
    • 7,283 Posts
    • 13,292 Thanks
    bowlhead99
    • #4
    • 10th Feb 18, 6:25 PM
    • #4
    • 10th Feb 18, 6:25 PM
    So what you're saying is you're going to place the order before Monday's cut off? Then you'll get the price allocated to orders for subscriptions or redemptions that make Monday's cut-off, rather than the one allocated to orders that only make it for Tuesday's cut-off.
    • JDoon
    • By JDoon 10th Feb 18, 6:37 PM
    • 6 Posts
    • 0 Thanks
    JDoon
    • #5
    • 10th Feb 18, 6:37 PM
    • #5
    • 10th Feb 18, 6:37 PM
    Thanks for reply, wasn't sure if there would be a delay with possibly orders being placed over weekend etc. Thanks for confirming.
    • A_T
    • By A_T 10th Feb 18, 6:43 PM
    • 313 Posts
    • 191 Thanks
    A_T
    • #6
    • 10th Feb 18, 6:43 PM
    • #6
    • 10th Feb 18, 6:43 PM
    It's Charles Stanley, trade cut off is I think 11:00am.
    Originally posted by JDoon

    That's OK. Fidelity take days to do anything. It's a great disincentive to trying to time the market.
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