Author Topic: ABSA Stockbrokers  (Read 2740 times)

Hamster

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ABSA Stockbrokers
« on: February 17, 2016, 01:46:54 pm »
So my accounts are open, just waiting for my other STANLIB accounts etc. to be closed and get the money transferred  :)

My question is with regards to the trading screen (I've only got real experience with buying and selling on EasyEquities so bare with me). On the screen I've got the option to buy with the following options:

Number of Shares
Order Type (always set to Limit Order)
Limit Price (cps)
Expiry Date

So am I correct in assuming that it is asking me to place an offer to purchase x amount of shares for x amount of money (cost per share) and that the offer is valid till x date? When the criteria is matched the order will execute else nothing will happen?

marguerittereed

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Re: ABSA Stockbrokers
« Reply #1 on: February 17, 2016, 02:04:13 pm »
Yes, you are correct!!

Hamster

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Re: ABSA Stockbrokers
« Reply #2 on: February 17, 2016, 02:14:01 pm »
Schweet

« Last Edit: February 17, 2016, 02:16:20 pm by Hamster »

gcr

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Re: ABSA Stockbrokers
« Reply #3 on: February 17, 2016, 03:06:43 pm »
So my accounts are open, just waiting for my other STANLIB accounts etc. to be closed and get the money transferred  :)

My question is with regards to the trading screen (I've only got real experience with buying and selling on EasyEquities so bare with me). On the screen I've got the option to buy with the following options:

Number of Shares
Order Type (always set to Limit Order)
Limit Price (cps)
Expiry Date

So am I correct in assuming that it is asking me to place an offer to purchase x amount of shares for x amount of money (cost per share) and that the offer is valid till x date? When the criteria is matched the order will execute else nothing will happen?
I don't know if their platform is purely robotic or whether they have human beings monitoring client orders, the reason I ask is that my brokers occasionally intervene in the market when the auction is in place. My brokers sold a small parcel of Massmart for me at some 57 cents more than my sell order was for.
May just want to establish whether they do trade on behalf of their clients in the auction
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Hamster

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Re: ABSA Stockbrokers
« Reply #4 on: February 17, 2016, 03:10:53 pm »
So my accounts are open, just waiting for my other STANLIB accounts etc. to be closed and get the money transferred  :)

My question is with regards to the trading screen (I've only got real experience with buying and selling on EasyEquities so bare with me). On the screen I've got the option to buy with the following options:

Number of Shares
Order Type (always set to Limit Order)
Limit Price (cps)
Expiry Date

So am I correct in assuming that it is asking me to place an offer to purchase x amount of shares for x amount of money (cost per share) and that the offer is valid till x date? When the criteria is matched the order will execute else nothing will happen?
I don't know if their platform is purely robotic or whether they have human beings monitoring client orders, the reason I ask is that my brokers occasionally intervene in the market when the auction is in place. My brokers sold a small parcel of Massmart for me at some 57 cents more than my sell order was for.
May just want to establish whether they do trade on behalf of their clients in the auction

I'll do that but I'm not a trader so it's not the most important thing for me to worry about. Having the system wait and watch for my proffered buying price though...  :TU: