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Sell Limit not executed but price reached

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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.

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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.   


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Guest RobJ

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.

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