|
Post by dan1 on Jun 21, 2017 16:26:28 GMT
I've just discovered, to my cost, that when buying from the SM the "Secondary Market Trade Summary" does not necessarily quote the price you will pay. The price you will pay is the best available price at the time the trade is processed through the system so, if someone cancels their offer in the time between you checking all four check boxes, hitting the execute button, and the request being received in the database then you may get a different price to the one you were quoted. A simple example: there are two offers for £100, one at 100%, one at 101%. You enter £100 and hit the buy button and you are quoted a price of 100%. If the offer at 100% cancels before your trade hits the database then you'll be charged 101%. I assume the same is true on a sell trade. Anyone else noticed this? Is this a bug or feature, and would I have recourse to ablrate ? Edit: on FS when someone has removed their offer or another buyer has beaten you to it you receive an error message - I can't remember the wording but something along the lines that the amount is not available to purchase. I guess on FS you have to purchase separately at each discount/premium whereas on ABL you can purchase from across multiple discounts/premia. I will look at this. It would make sense to error the trade if you can't get the price quoted.. leave it with us. Regards Ablrate Appreciate the response
|
|
blender
Member of DD Central
Posts: 5,719
Likes: 4,272
|
Post by blender on Jun 21, 2017 17:29:21 GMT
It also follows that if you are trading 'at best', which is what it seems to be, then you might equally find that you have purchased something better. However, it seems better to error the trade instruction.
|
|
nw99
Posts: 340
Likes: 114
|
Post by nw99 on Jun 21, 2017 19:40:43 GMT
I have traded hundreds of time with a price never had any problems . I see £22,000,000 up... well done guys..
|
|
LittleBear
Member of DD Central
Posts: 98
Likes: 76
|
Post by LittleBear on Jul 1, 2017 10:24:57 GMT
I've discovered a bug, ablrate. On the 'My Account History' page, I select to filter using the From Date field. What it actually shows is transactions from the following day. So if I select 6/4/17, it doesn't show me my investment on that day, but starts with transactions on the 7th.
|
|
elliotn
Member of DD Central
Posts: 3,063
Likes: 2,681
|
Post by elliotn on Jul 1, 2017 12:52:44 GMT
True, I always use the day before as a work-around.
|
|
LittleBear
Member of DD Central
Posts: 98
Likes: 76
|
Post by LittleBear on Jul 1, 2017 20:31:31 GMT
True, I always use the day before as a work-around. That's what I did, but it only works if you are aware that the bug exists. I found it by accident, but I could easily have missed it.
|
|
|
Post by dan1 on Jul 30, 2017 17:04:14 GMT
I've just discovered, to my cost, that when buying from the SM the "Secondary Market Trade Summary" does not necessarily quote the price you will pay. The price you will pay is the best available price at the time the trade is processed through the system so, if someone cancels their offer in the time between you checking all four check boxes, hitting the execute button, and the request being received in the database then you may get a different price to the one you were quoted. A simple example: there are two offers for £100, one at 100%, one at 101%. You enter £100 and hit the buy button and you are quoted a price of 100%. If the offer at 100% cancels before your trade hits the database then you'll be charged 101%. I assume the same is true on a sell trade. Anyone else noticed this? Is this a bug or feature, and would I have recourse to ablrate ? Edit: on FS when someone has removed their offer or another buyer has beaten you to it you receive an error message - I can't remember the wording but something along the lines that the amount is not available to purchase. I guess on FS you have to purchase separately at each discount/premium whereas on ABL you can purchase from across multiple discounts/premia. I will look at this. It would make sense to error the trade if you can't get the price quoted.. leave it with us. Regards Ablrate Hi ablrate, Have you managed to implement an error if the quoted price can't be realised? I ask because with the launch on Wednesday of your IFISA I expect we'll see lots of 'keenly' priced offers that disappear within seconds as people sell from their taxable/company accounts and buy in their IFISA accounts. I expect a lot of fastest finger first activity, and it's inevitable that someone will get burnt by this issue. Regards dan1
|
|
stevio
Member of DD Central
Posts: 2,065
Likes: 894
|
Post by stevio on Aug 10, 2017 16:21:28 GMT
ablrate please can you change the recent dropdown on the right hand side - it used to be useful to be able to see the available funds in the corner when you were trying to figure out how much x amount gets you on a secondary market trade. As you have to enter a figure before it calculates the cost or return on a SM trade, this to right hand figure was useful Now you have to click to see and is another click that is not needed
|
|
|
Post by investorman on Aug 22, 2017 12:19:36 GMT
Any chance of a 'sell all' button? If you try and sell the exact amount you have in a loan, it tells you that you cannot sell more than you own even when selling at par.
I now have 1p in a loan I cannot sell!
|
|
|
Post by GSV3MIaC on Aug 22, 2017 12:50:24 GMT
You actually have 0.554p, or something similar - rounds up for display purposes but is not saleable. When you see '£0.00" you often have 0.432p (or whatever) which rounds down .. still can't sell it. At least the femtopence are not all displayed (AC style), but yes, it is annoying. 'Sell all' won't help (well it might move a fractional penny around I guess .. but that would confuse the buyer too).
|
|
|
Post by investorman on Aug 22, 2017 13:41:45 GMT
Thanks, yes I have a £0.00 too, I did wonder why it was there, maybe a donate half pennys to charity button could be added
|
|
|
Post by dan1 on Aug 25, 2017 15:10:09 GMT
ablrate - a small oddity, when depositing money by card I entered the amount and hit return (as opposed to click on the "Pay By Card" button) and I was presented with IFISA terms & conditions to open an account. Perhaps better to default the enter key press to "Pay By Card" rather than the "Open An IFISA" button?
|
|
|
Post by ablrate on Aug 26, 2017 13:08:05 GMT
Thanks dan1. We will check and fix
|
|
|
Post by ablrate on Sept 13, 2017 19:45:03 GMT
Sorry about the delay in getting the site back up, we are just testing everything, so should be back later tonight or latest in the morning. Regards Ablrate
|
|
|
Post by dan1 on Sept 13, 2017 20:04:33 GMT
Sorry about the delay in getting the site back up, we are just testing everything, so should be back later tonight or latest in the morning. Regards Ablrate Thanks for keeping us informed. Perhaps worth sending out an email to keep the people who don't follow the forum informed? (last email said the site would go into maintenance for a couple of hours from 14:45).
|
|