Spread difference?

Thrugelmir

sevenhills said:

Thrugelmir said:

There is normally a 15 minute time lag on share prices shown for free in the public domain. 

I guess they are just reminding you that you are doing better than the viewed price, these free trading platforms are on the rise.

Streamed live data has to be paid for. Not cheap either. 

wmb194

Thrugelmir said:

sevenhills said:

I just noticed this when I sold one of my shares on HL. The sold price was a little hight than shown on HL and Google.

There is normally a 15 minute time lag on share prices shown for free in the public domain. 

Google shows real-time last traded prices for the LSE and has for quite some time now. Freetrade now shows real-time last traded prices in its app for most FTSE350 companies.

wmb194

sevenhills said:

Thrugelmir said:

There is normally a 15 minute time lag on share prices shown for free in the public domain. 

I guess they are just reminding you that you are doing better than the viewed price, these free trading platforms are on the rise.

No, all HL is telling you is that it will often trade within the spread. This is normal and has been available/happened for donkeys years. Freetrade and every other broker I've ever used does the same. It's nothing special.

Thrugelmir

wmb194 said:

sevenhills said:

Thrugelmir said:

There is normally a 15 minute time lag on share prices shown for free in the public domain. 

I guess they are just reminding you that you are doing better than the viewed price, these free trading platforms are on the rise.

No, all HL is telling you is that it will often trade within the spread.

HL itself doesn't trade. Trades will normally be routed to a number of execution houses and the price which gives the customer the best outcome will be offered to them. 

wmb194

Thrugelmir said:

wmb194 said:

sevenhills said:

Thrugelmir said:

There is normally a 15 minute time lag on share prices shown for free in the public domain. 

I guess they are just reminding you that you are doing better than the viewed price, these free trading platforms are on the rise.

No, all HL is telling you is that it will often trade within the spread.

HL itself doesn't trade. Trades will normally be routed to a number of execution houses and the price which gives the customer the best outcome will be offered to them. 

Well, yes, of course. Perhaps I should have written, broker a trade within the spread.

sevenhills

wmb194 said:

Well, yes, of course. Perhaps I should have written, broker a trade within the spread.

How do free traders work? I thought that you placed your trade and it gets executed at the end of the day.

But the share price could have gone up or down by the end of the day. I assume you never get a higher price than offered.

wmb194

sevenhills said:

wmb194 said:

Well, yes, of course. Perhaps I should have written, broker a trade within the spread.

How do free traders work? I thought that you placed your trade and it gets executed at the end of the day.

But the share price could have gone up or down by the end of the day. I assume you never get a higher price than offered.

Seems to depend. My experience with Freetrade is that it works identically to all of the usual brokers in that the order executes immediately*, it polls the same range of market makers and gives you the best price it can find. In addition to watching the live prices, before placing an order I usually get a quote with iWeb to get an idea of a firm price and 99.9% of the time I've received the exact same price a few moments later with Freetrade (Freetrade doesn't offer a 15 second quote as other brokers do). As an aside, it pays dividends promptly, too. Often on the day they're due but usually within a day or two of that date. 

TL:DR I dislike and avoid T212; Trading212 is a different beast and seems to try to match your order internally with its other customers first to the extent that it can first and will buy/sell the balance, if necessary, in the market. This isn't a massive problem with widely held, frequently traded shares and it might only take a few minutes for an order in one of these to execute but does cause issues when trying to buy more esoteric securities. Trades in these can literally sit for days and possibly never execute (or at least I lost patience and cancelled the orders, anyway). Dividends usually take a long time to credit, too. In my experience six working days following the official payment date isn't uncommon.

*It used to place the orders for free trades at c.15:00 everyday but this hasn't been the case for a long time, they're all instant now.

Apodemus

Thrugelmir said:

sevenhills said:

I just noticed this when I sold one of my shares on HL. The sold price was a little hight than shown on HL and Google.

There is normally a 15 minute time lag on share prices shown for free in the public domain. 

Yes, but on HL (and I'm assuming on most other platforms) you can always check the actual deal by placing a dummy trade but not executing it.  That often shows a marginally different price and smaller spread.

Thrugelmir

Apodemus said:

Thrugelmir said:

sevenhills said:

I just noticed this when I sold one of my shares on HL. The sold price was a little hight than shown on HL and Google.

There is normally a 15 minute time lag on share prices shown for free in the public domain. 

Yes, but on HL (and I'm assuming on most other platforms) you can always check the actual deal by placing a dummy trade but not executing it.  That often shows a marginally different price and smaller spread.

Very different to subscribing to a live feed where you can monitor prices constantly on a screen. 

DireEmblem

wmb194 said:Trades in these can literally sit for days and possibly never execute (or at least I lost patience and cancelled the orders, anyway). Dividends usually take a long time to credit, too. In my experience six working days following the official payment date isn't uncommon.

Agree with this statement, I'm not sure its because they are limited on how to trade through their connection with IB(IB or nothing).  A lot of AIM orders have to wait until auction, whereas other brokers can reach out to several market makers and provide the best quote at the time to avoid waiting on auction.  Its the same reason they cant offer all AIM stocks, which is why I have a backup broker and usually compare the two prior to execution.  Sometimes you need to pay for a better/quicker service.

I have noticed some cracking prices from Auction, and the spread is generally fine in comparison to the market.