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Spread Bet Orders Not Being Filled


LanceWalton

Question

Hi.

I'm new so please forgive what might be a basic question.

I created a buy order last night (7 March 2024) for Senior PLC (SNR) with an end date & time of 17:00 today (8th of March 2024). The price level is set to £163.27. Last night before close the price was £166.18. Between 08:00 & 08:15 this morning, the price opened at £159.80, & had a low of £157.80. Last night the Buy/Sell spread was a little over £1 & it is around the same now. Given that the low between 08:00 & 08:15 this morning was way lower than the price level of my buy order (the difference is £5.47) & about 4-5 times bigger than the spread last night & the spread now (about £1, why didn't the order get filled? Did the spread increase massively during that 15 minutes, or am I misunderstanding something?

Thanks,

Lance

image.png.a36829f8d3e20a99730e99e8ba98e523.png

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Posted (edited)

Just had another one. I've got a Buy order on Chemring at £342.51. This morning it reached a low of £333.65 but the order was not filled. Given the current spread, it seems like it should have been.

 

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Edited by LanceWalton
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OK. I think I've just answered the question for myself. I have an order on Firstgroup, & I can see a biggish movement in price & it looks like the spread has widened considerably:

image.png.15a40c19c0c8c97730e46b1556ab0a95.png

So, yes. Big sudden movements have an immediate, significant effect on the spread.

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Hey, I hope you are well. From the questions and screenshots, I understand you're talking about a buy order and you're trying to deduce the price/spread from the bid chart. I hope you know that you could simply click on Bid (near 15 Mins) and choose Ask there - the chart will change to showing candles based on the ask price and you would no longer need to deduce, you would see the ask prices directly. I hope this helps.

Edited by neueneuen
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