Index-linked gilt ladder

hallmark

GeoffTF said:

hallmark said:

Oh yeah! looks like I paid more than anybody else today, not sure if that's due to volume, platform, something else or just poor timing?

What were the trades placed shortly before and after yours? If you look at the chart, you should be able to hazard a guess as to the buying and selling prices around that time. Also look at the size of the trades, small trades can get a poor deal, because they are not worth the market maker's trouble.

Mine was at 9:19:34
https://www.londonstockexchange.com/stock/T29/united-kingdom/company-page

Seems to have been virtually the most expensive price all day regardless of whether other trades were higher or lower.

GeoffTF

hallmark said:

GeoffTF said:

hallmark said:

Oh yeah! looks like I paid more than anybody else today, not sure if that's due to volume, platform, something else or just poor timing?

What were the trades placed shortly before and after yours? If you look at the chart, you should be able to hazard a guess as to the buying and selling prices around that time. Also look at the size of the trades, small trades can get a poor deal, because they are not worth the market maker's trouble.

Mine was at 9:19:34
https://www.londonstockexchange.com/stock/T29/united-kingdom/company-page

Seems to have been virtually the most expensive price all day regardless of whether other trades were higher or lower.

Your price of 98.810 is at the top of the saw tooth at that time, which would suggest that it was buy, which indeed it was. There was a trade of 98.341 at the bottom of the saw tooth before your trade, and one at 98.450 at the bottom of the saw tooth after your trade. Those were probably sales. Taking the latter, that corresponds to a spread of 0.36%, so you probably bought at about 0.2% above mid-market. That is not bad, in my experience, but I would hope for better. You might have done a little better with a bigger trade. The spread looks to have been smaller in the afternoon. The quoted spread is 1%, which is misleading for any reasonably sized trade. Mid-market seems to have been a little higher in the morning, but your timing was not bad. iWeb appears to have done a good job for £5.