SVS Securities - shut down?

rnf11

SteveJohnson56 said:

And whereas often when the other two would only offer NT, SVS would quote a price though on those occasions the price would be worse that if inside the NMS but the trade would be dealt at that price whereas  NT could be anything depending on broker action/time frame unless a limit was set.

A useful feature as I recall, too.

Way back in the days of Selftrade (pre Equinity) the quote included the market size at that time. Very useful, but no one else seems to do that now or is inclined to introduce it.

jenwrendorset

We've been with iWeb since the demise of SVS and find their site is very easy to follow and their webchat works well.  The day the covid vaccine was announced the site, like many, was struggling to cope but it only took a few attempts and I got in and sold a holding with no problem......money immediately appeared in my iWeb account and the dashboard updated so I was able to print off a copy of my current holdings, just as easy as it was with SVS.  Only downside is that neither iWeb or Halifax now accept joint accounts.

SteveJohnson56

rnf11 said:

SteveJohnson56 said:

And whereas often when the other two would only offer NT, SVS would quote a price though on those occasions the price would be worse that if inside the NMS but the trade would be dealt at that price whereas  NT could be anything depending on broker action/time frame unless a limit was set.

A useful feature as I recall, too.

Way back in the days of Selftrade (pre Equinity) the quote included the market size at that time. Very useful, but no one else seems to do that now or is inclined to introduce it.

The only thing I like about Equ is you can set as a preference to stay logged in for 1 hour, Hali logs you out in 11 mins unless page is refreshed, iWeb I presume the same, but even then Equ will ask for the page to be refreshed after a few trade quotes and it will default to the dealing account which I do not use and the interface is a mass of clutter. It is slower to load a trade quote, Hali can be 1-2 secs, Equ 2-20 secs. And the amount of boxes you have to fill in with Equ before you obtain a quote is a chore/time consuming.

rnf11

SteveJohnson56 said:

The only thing I like about Equ is you can set as a preference to stay logged in for 1 hour, Hali logs you out in 11 mins unless page is refreshed, iWeb I presume the same, but even then Equ will ask for the page to be refreshed after a few trade quotes and it will default to the dealing account which I do not use and the interface is a mass of clutter. It is slower to load a trade quote, Hali can be 1-2 secs, Equ 2-20 secs. And the amount of boxes you have to fill in with Equ before you obtain a quote is a chore/time consuming.

Fair comment. I found the Equinity site generally to be inferior to Selftrade's (the former took over the latter). Always a threat in this game.

GeorgieC

rnf11 said:

SteveJohnson56 said:

And whereas often when the other two would only offer NT, SVS would quote a price though on those occasions the price would be worse that if inside the NMS but the trade would be dealt at that price whereas  NT could be anything depending on broker action/time frame unless a limit was set.

A useful feature as I recall, too.

Way back in the days of Selftrade (pre Equinity) the quote included the market size at that time. Very useful, but no one else seems to do that now or is inclined to introduce it.

These quotes are based around the 'RSP' system. Platforms have one of 2 ways... you ask for a quote and the market makers display their price and size and you see the best, or you ask for a price and size and the market makers quote in your size.
Generally the RSP is at or inside the quote, and is a way of getting prices almost on demand in the AIM stocks. Not all platforms offer it... for example Interactive Brokers/Phoenix does not offer it. You either have to go in to the daily auctions which are a farce or pay extra for a telephone service. The RSP is designed for the retail market and the broker will get a call from the market makers if their clients are abusing it eg reloading order after order or constantly quoting without trading

My2penneth

I see ITI might have transferred 3 shares to iWeb into my ISA account..I wonder when the other 24 will be sent ?  They can't even do this correctly.

My2penneth

Any iWeb transferees?
(don't hold your breath)
https://www.sharesoc.org/forums/topic/problem-reports/page/10/#post-15395

Nbs222

Nothing has moved for me to IWEB, and not getting any response from  ITI either.

shiznit76

Nbs222 said:

Nothing has moved for me to IWEB, and not getting any response from  ITI either.

have you contacted Iweb? I stopped trying, but when i did today they confirmed that my transfer was due to go through next week

Nbs222

Yes, I have been contacting them , They did receive  valuations from my SC accounts  last week (which had only 4 items) but none  from PX accounts . I have been writing to ITI  every week asking to transfer PX accounts but had no response.