How long should online trades take to execute?

[GJABS]

Mine go on the order book in real time.

Ah, the order book, to allow us the retail punter to act as marketmakers.

Can be dangerous though. On Monday just gone, I placed a sell limit-order onto the order book to sell a load of shares , but I put the price down in pounds when it should have been in pence. It traded immediately.
Just as well there was a healthy market in this particular stock and a well populated order book - had there not been, I could have lost up to £100K

A lesson learned..

[Jog On]

With HL most funds take 24 hours or 1 working day. Then I do have a habit of putting trades on late evening.

Oh and for a lot of the providers there are some funds you can either put in a pension or an ISA.

WSES. Funds can take up to a few days sometimes. I've waited 3-4 days sometimes for funds in my ISA/SIPP.

Shares and ETFs should be real time unless you trade during a big news announcement or immediate aftermath of one.

[ContractorBanking]

Mine go on the order book in real time. I assume you deal with shares infrequently. If not, get yourself a proper share dealing service - it'll be cheaper as well.

Which broker are you using for DMA access and which markets are covered?

[BlasterBates]

This would be normal for funds which are traded only by the company managed by the fund. The price is fixed on a daily basis and is not an auction. In other words you have bought at the price quoted on that day. That will appear on your account when the fund company has processed your order.

Exchange traded funds are traded like shares and transactions are executed in real time.

[SueEllen]

Cheers all.

This is for a S&S ISA and I'm buying (UK domiciled) funds. So it's not day trading.

I asked on the online chat thing last night and they said something along the lines of "It takes 2 working days from reaching the limit price to when it shows on your account.."

Are they bulltuliping me, like someone mentioned I wouldn't be surprised if there's some sort of delay going on if prices are falling so someone can make a bit of profit by timing, but it's all obscured on the website. Basically you get current price, buy, sell and that's it.

With HL most funds take 24 hours or 1 working day. Then I do have a habit of putting trades on late evening.

Oh and for a lot of the providers there are some funds you can either put in a pension or an ISA.

[rl4engc]

Cheers all.

This is for a S&S ISA and I'm buying (UK domiciled) funds. So it's not day trading.

I asked on the online chat thing last night and they said something along the lines of "It takes 2 working days from reaching the limit price to when it shows on your account.."

Are they bulltuliping me, like someone mentioned I wouldn't be surprised if there's some sort of delay going on if prices are falling so someone can make a bit of profit by timing, but it's all obscured on the website. Basically you get current price, buy, sell and that's it.

[TestMangler]

I did explain how it was supposed to work until it was coded.

FTFY

[SimonMac]

HL same day transactions

[barrydidit]

There's a fair chance that Barrydidit was involved in the requirements for that, so, there's your problem.

I did explain how it works.

[TestMangler]

I'm using Lloyds who use Halifax Share Dealing I think, I thought they'd be executed on the next working day?

I'm buying some GB based funds, nothing exotic, order went in on Friday and it's still showing as "Active" (i.e. not executed/complete yet)

At ClientCo so can't use the online help or phone them up till I get back.

At least they've dropped in price since Friday.

There's a fair chance that Barrydidit was involved in the requirements for that, so, there's your problem.

[scooterscot]

same here - trades are executed in real time - a day?!

Next you'll be telling me it takes you several days to send money to the other side of the planet.

[NotAllThere]

I'm using Lloyds who use Halifax Share Dealing I think, I thought they'd be executed on the next working day?

Mine go on the order book in real time. I assume you deal with shares infrequently. If not, get yourself a proper share dealing service - it'll be cheaper as well.

[GJABS]

Whenever I buy shares using an online broker, the website quotes a price that is valid for 15 seconds or thereabouts, and if I click OK the trade is executed immediately (less than 1 second).

[barrydidit]

They'll place the deal on Fridays price and will buy them today at the lower price. Halifax will pocket the difference.

HTH

[rl4engc]

I'm using Lloyds who use Halifax Share Dealing I think, I thought they'd be executed on the next working day?

I'm buying some GB based funds, nothing exotic, order went in on Friday and it's still showing as "Active" (i.e. not executed/complete yet)

At ClientCo so can't use the online help or phone them up till I get back.

At least they've dropped in price since Friday.