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Are share prices the same on every platform?
Comments
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Fair comment re online.GeoffTF said:
I did write "online transactions". Do both II and HL trade corporate bonds online? HL does seem to have a good reputation for prices over the telephone, but it is difficult to conduct a convincing test for that.poseidon1 said:
That has not been my experience with regard to purchases and sales of corporate bonds between ii and HL. II consistently gave better terms between the bid offer spread compared to HL.GeoffTF said:When people have checked, the big brokers all offered the same price for online transactions. They all seem to connect to the same market makers. That probably applies to IG too. The Monevator comparison table says that IG charges £96 p.a. That is not cheap.
Bond purchases for each of the platforms tend to be telephone only, with the order taker having to get live quotes direct from their respective market makers.
Irritatingly, was about to attempt a bond buy on HL platform today but just seen my complex investment 'certification' with them has expired and now have to take and pass the relevant questionnaire ( yet again) before being able to buy more bonds.0 -
poseidon1 said:
Fair comment re online.GeoffTF said:
I did write "online transactions". Do both II and HL trade corporate bonds online? HL does seem to have a good reputation for prices over the telephone, but it is difficult to conduct a convincing test for that.poseidon1 said:
That has not been my experience with regard to purchases and sales of corporate bonds between ii and HL. II consistently gave better terms between the bid offer spread compared to HL.GeoffTF said:When people have checked, the big brokers all offered the same price for online transactions. They all seem to connect to the same market makers. That probably applies to IG too. The Monevator comparison table says that IG charges £96 p.a. That is not cheap.
Bond purchases for each of the platforms tend to be telephone only, with the order taker having to get live quotes direct from their respective market makers.
Irritatingly, was about to attempt a bond buy on HL platform today but just seen my complex investment 'certification' with them has expired and now have to take and pass the relevant questionnaire ( yet again) before being able to buy more bonds.Thanks for that.0 -
Is that for primary market bonds? I've had no problems buying secondary market online with HL.poseidon1 said:
Fair comment re online.GeoffTF said:
I did write "online transactions". Do both II and HL trade corporate bonds online? HL does seem to have a good reputation for prices over the telephone, but it is difficult to conduct a convincing test for that.poseidon1 said:
That has not been my experience with regard to purchases and sales of corporate bonds between ii and HL. II consistently gave better terms between the bid offer spread compared to HL.GeoffTF said:When people have checked, the big brokers all offered the same price for online transactions. They all seem to connect to the same market makers. That probably applies to IG too. The Monevator comparison table says that IG charges £96 p.a. That is not cheap.
Bond purchases for each of the platforms tend to be telephone only, with the order taker having to get live quotes direct from their respective market makers.
Irritatingly, was about to attempt a bond buy on HL platform today but just seen my complex investment 'certification' with them has expired and now have to take and pass the relevant questionnaire ( yet again) before being able to buy more bonds.0
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