ISA / SIPP Multiple fill charges?

[Guest henrywilletts]

Hello,

Say there is a £5 charge for executing a trade at market, well what is the difference if you place on offer level on exchange?

 

What happens is say half your offer is lifted in the morning, and the other half in the afternoon?

 

What happens if Half your offer is lifted on day 1 and the other half lifted on day 2?

 

I'm just trying to figure out the charges i would incur from multiple fills.

 

Thanks!

[Guest henrywilletts]

and further to the above sorry, what if i am half filled, then lower the balance of my offer on the same day?

[JamesIG]

Hi. You will be charged commission for each order you place, however there won't be any charge if different amounts are lifted throughout the day. You also wouldn't get an additional commission if you reduce the size half way through a full fill (as long as you don't close the order and resubmit a new trade). 

 

You will, however, get charged two commissions if the full order isn't filled in one day and you decided to resubmit on day two (either via a GTC order, or manually). 

 

I hope that clarifies things but let me know if I can help further. 

[Guest henrywilletts]

thanks James, if in the same business day, i offer 100 lots of an equity at £100.00, half is lifted leaving me offering 50 lots at £100. if i amend the order to offer the balance of 50 lots at £99.50, is this counted as a new order incurring another commission fee, or just a change to the initial order and i am only charged 1x fee?

[JamesIG]

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henrywilletts wrote:

thanks James, if in the same business day, i offer 100 lots of an equity at £100.00, half is lifted leaving me offering 50 lots at £100. if i amend the order to offer the balance of 50 lots at £99.50, is this counted as a new order incurring another commission fee, or just a change to the initial order and i am only charged 1x fee?

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Hi - this should be fine as well as you are simply amending, rather than deleting and resubmitting. It should fall under the same single commission.