Jump to content

Sell Limit not executed but price reached


Recommended Posts

I placed a sell order on Synairgen today could not get a quote so place a Limit order at 175 Price at that time was about (160-175)  about 1 hour late i am checking my order and see the price is (185-195) and has been higher but order has not executed why is this.

Link to comment

Synairgen is a market maker stock and uses the SETSqx trading system.  There is no order book.   Any limit order would only execute if a matched limit order was uncrossed and executed at auction uncrossing times.   These are 0800, 0900, 1100, 1400 and 1635.  Even though you wanted to sell @ 175p and if the sell price was say 200p+ it would still not automatically execute if using limit orders - only if your trade was uncrossed (not crossed out) at auction uncrossing time would it execute.   

https://www.lseg.com/sites/default/files/content/documents/LSEG_SETSQX_FACTSHEET_1.PDF

  • Like 1
Link to comment
  • 3 weeks later...

I've had this twice now recently. Last night my limit was hit twice at around 5am. Both times the limit didn't trigger. Confidence in this platform is dropping for me.

Link to comment
  • 7 months later...
Guest CakeyDave

Just had the same thing happen to me twice on Gold and in fact it did it a few times previously, but luckily I'm still using a demo account.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...