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DMA order partially filled


tripplex

Question

I attempted to buy 1,500 shares using a DMA Limit order at price less than the current offer price to reduce the spread. I set the order to expire at close of day. The order was partially filled and I ended up with just 109 shares. I would rather the order was either completely filled or rejected. Is there a way I could have done this?

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19 hours ago, tripplex said:

I attempted to buy 1,500 shares using a DMA Limit order at price less than the current offer price to reduce the spread. I set the order to expire at close of day. The order was partially filled and I ended up with just 109 shares. I would rather the order was either completely filled or rejected. Is there a way I could have done this?

Hey @tripplex

Thanks for your question. 

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Here are the order types. You can do a 'Market order' however you have no control over the price your shares will be filled at. 

As you know the limit and stop orders can be partially filled so this may not be the best option for you. 

At quote orders means your order will be immediately executed if you choose to accept it. You can put in the number of shares you want to buy and the market maker will offer you a price that you can either accept or reject. 

I hope this helps. 

All the best 

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Thanks for the reply. I was actually trading using DMA on the Level 2 app and attempting to get a price nearer the sell price than the buy price due to the large spread on this particular share. There are different order options in DMA so was checking if there were any that would allow me to place a Limit order which would only execute if it could be completely filled.

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