rogerbu
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Post by rogerbu on Aug 6, 2017 10:27:06 GMT
I have a Bid & Offer active for the same % & £ on the same loan on 2 different account names (self and wife) The offer is the lowest and the bid is the highest, so they should have matched. After 5 mins they are both still there - don't understand? Any idea how long the matching takes? Or is ablrate blocking bids and offers from the same surname but different first names/sex? |
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Balder
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Post by Balder on Aug 6, 2017 10:43:03 GMT
It isn't automatic. You have to manually go in and buy.
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elliotn
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Post by elliotn on Aug 6, 2017 10:56:33 GMT
I have a Bid & Offer active for the same % & £ on the same loan on 2 different account names (self and wife) The offer is the lowest and the bid is the highest, so they should have matched. After 5 mins they are both still there - don't understand? Any idea how long the matching takes? Or is ablrate blocking bids and offers from the same surname but different first names/sex? Never admit to a platform that you have operated both accounts (in case you have) without prior authorisation - especially one with an ISA account where any self-trading will lose its tax exempt status.
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rogerbu
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Post by rogerbu on Aug 6, 2017 12:55:52 GMT
I have a Bid & Offer active for the same % & £ on the same loan on 2 different account names (self and wife) The offer is the lowest and the bid is the highest, so they should have matched. After 5 mins they are both still there - don't understand? Any idea how long the matching takes? Or is ablrate blocking bids and offers from the same surname but different first names/sex? Never admit to a platform that you have operated both accounts (in case you have) without prior authorisation - especially one with an ISA account where any self-trading will lose its tax exempt status. So long as I am operating my wife's account with her permission and oversite and so long as the buys and sells are conducted via the open market ie the Ablrate SM then it it perfectly legal. Same rules as for S&S ISAs and IFISAs - all trades must be via the open market where others are able to operate in an equal manner to you
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stub8535
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Post by stub8535 on Aug 6, 2017 13:14:38 GMT
Speed is down to how attractive the rates are relative to normality. Rates this week have deviated from normality considerably thus investors of long standing are disinterested.
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Post by GSV3MIaC on Aug 6, 2017 14:03:57 GMT
But you still have to manually buy, or sell. Matching offers do not automatically deal with each other. One of several items on the AB wishlist/backlog.
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stub8535
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Post by stub8535 on Aug 6, 2017 14:53:14 GMT
I see wher the issue is having reread the op. My point still stands I think. Needs a few big loans to come along on various platforms to soak up the spare money in order for abl sm to get back to normal levels.
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Post by dan1 on Aug 6, 2017 17:26:47 GMT
I see wher the issue is having reread the op. My point still stands I think. Needs a few big loans to come along on various platforms to soak up the spare money in order for abl sm to get back to normal levels. I've been puzzling over your comment regarding the abl sm. I'm not sure what normal is but there has been significant price volatility as a result of things like the end of the tax year, new loans, repayments, launch of the ISA, etc - and that's just in the last few months. It's this volatility that has enabled me to build up a decent holding without paying big premiums. I'm not sure what the answer is but patience seems to be the key.
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