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order level?

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Hi , thanks for the post.

 

'Order level' just refers to the price at which you want to enter the market, and buy or sell your holding.  Bear in mind that this is not a guaranteed level, rather one through which the market must move for your order to be triggered.

 

Hope that helps!

 

Thanks,

Hannah

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Hey all - I know that no one has replied to this thread in a long time, however i can see that it actually receives a significant viewership each week and therefore just wanted to flesh out the reply given by hannah and add a picture with a worked example.

 

As stated above, the 'Order Level' seen on a share dealing ticket (or other CFD or spread dealing ticket) will be the point at which the market needs to trade through before your deal is executed. In other words, the market needs to move through that price point for shares to be bought or sold. 

 

Lets take the below example deal ticket using the old 'classic' platform for share dealing...

 

2018-05-17 10_12_45-IG Dealing Platform _ Share dealing.png 

 

What the above is say is that BARC is currently priced around 209 roughly, and that I am looking to BUY a quantity of 1000 shares. I will make the trade a 'Limit Day' (i.e. if the trade isn't triggered by the end of the day then it's going to cancel), but I have a limit on the maximum price I am willing to pay. I am saying that I will set a limit of 200 via my order level, so if the price comes down to that exact level, my deal will go through and I will look to BUY the 1000 shares at 200. 

 

 

 

The new desktop trading platform - the same thing is called 'Price Level'

Below is an image of the new desktop dealing platform. You can see that on the 'orders' tab you will be able to set a specific price level rather than an order level. It means the same thing and is the level the market needs to trade through for your order to be executed. 

 

2018-05-17 10_20_24-IG Trading Platform _ Spread Betting.png

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Guest shlim-guest

Thanks thats useful, i have another follow up question. 

 

Using the example above, say that BARC shares are priced at 209 and I put my order level down as 210, that means the shares will be purchased immediately, is that correct? 

 

What if I put that order level down at midnight when the market is closed. Then will the order only execute when the market opens? 

 

I'm trying to purchase additional Amazon shares at 9am UK time, and have put my order level above the level that it is priced. Aware that NASDAQ only opens at 2.30pm UK time, however there seem to be minor fluctuations with the share price and it seems to be going up. If my order level is below the share price when the market opens, will my order not be executed? Or will it take into account what the share price was when I actually  placed the order? 

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Guest Steve
On 13/07/2018 at 11:56, Guest shlim-guest said:

Thanks thats useful, i have another follow up question. 

 

Using the example above, say that BARC shares are priced at 209 and I put my order level down as 210, that means the shares will be purchased immediately, is that correct? 

 

What if I put that order level down at midnight when the market is closed. Then will the order only execute when the market opens? 

 

I'm trying to purchase additional Amazon shares at 9am UK time, and have put my order level above the level that it is priced. Aware that NASDAQ only opens at 2.30pm UK time, however there seem to be minor fluctuations with the share price and it seems to be going up. If my order level is below the share price when the market opens, will my order not be executed? Or will it take into account what the share price was when I actually  placed the order? 

I have the same question. 

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On 13/07/2018 at 10:56, Guest shlim-guest said:

Thanks thats useful, i have another follow up question. 

 

Using the example above, say that BARC shares are priced at 209 and I put my order level down as 210, that means the shares will be purchased immediately, is that correct? 

 

What if I put that order level down at midnight when the market is closed. Then will the order only execute when the market opens? 

 

I'm trying to purchase additional Amazon shares at 9am UK time, and have put my order level above the level that it is priced. Aware that NASDAQ only opens at 2.30pm UK time, however there seem to be minor fluctuations with the share price and it seems to be going up. If my order level is below the share price when the market opens, will my order not be executed? Or will it take into account what the share price was when I actually  placed the order? 

I have the same question

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