My share price is different to that of London Stock Exchange

teetea

Hi

Am trading some shares on the LSE though my broker Halifax share dealing account. I have checked them twice now at the end of the trading day and the price I see on my Halifax SDA is less then what they are showing on the LSE web site

wmb194

teetea said:

Hi

Am trading some shares on the LSE though my broker Halifax share dealing account. I have checked them twice now at the end of the trading day and the price I see on my Halifax SDA is less then what they are showing on the LSE web site

How soon after the close were you looking? I think Halifax and its other brands still only show 15 minutes delayed indicative prices. Looking at my iWeb - a brand of Halifax's - the prices for my LSE listed holdings match the LSE's closing price as per its website.

Anyway, you can never fully trust broker indicative prices. Actually, you cannot fully trust the LSE's as you can usually trade within the spread.

[Deleted User]

Hi,

were you dealing?

If so you will have a buy/sell price at time of transaction.

Edit: Might be Halifax only deal in batches.

wmb194

frugalmacdugal said:

Hi,

were you dealing?

If so you will have a buy/sell price at time of transaction.

Edit: Might be Halifax only deal in batches.

No, Halifax will execute orders individually and on demand. It sounds like the OP is referring to their portfolio valuation.

brightandlight

The LSE website share price is a mid price for the share.  Shares are bought and sold within a price range, generally in relation to the mid price it costs more to buy a share and you receive less when selling.  It is very unlikely you would receive the mid price on a trade. 

The range varies depending on the liquidity of the share, so FTSE 100 shares usually have a lower range than AIM shares.

wmb194

brightandlight said:

The LSE website share price is a mid price for the share.  Shares are bought and sold within a price range, generally in relation to the mid price it costs more to buy a share and you receive less when selling.  It is very unlikely you would receive the mid price on a trade. 

The range varies depending on the liquidity of the share, so FTSE 100 shares usually have a lower range than AIM shares.

It really depends on when the OP checked. During the day I think the LSE's website shows the last traded price as the highlighted figure but it also shows indicative bid and offer prices. Following the auction at the end of the day it will - or should- show the single price of the auction's outcome* which is what you'll see when you look right now (on a Saturday). The LSE's website also has a 15 minute delay. With the preponderance of sites showing live prices e.g., Google, TradingView, some brokers it's easy to see different data.

*This is important as this is what funds etc. use for their daily valuation calculations and they need a firm price, not a bid, offer or mid-price to choose from. There are also auctions at the open and midday for similar reasons.

george4064

OP, are you sure you are comparing like for like? i.e. bid to bid, mid to mid or offer to offer or last reported trade?