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Shares / Re: ETF buy/sell spread awareness
« on: February 20, 2017, 01:17:55 pm »Have just be taken by EE. They where quoting R34 on DIVTRX this morning - hit sell, still quoting R34, so sold - immediately, it said I got R29 - this was at 09H47
Now, I sale had been completed at 9:07 for 3400
20/02 09:07 AT 2950 475
20/02 09:07 AT 2947 1,000
20/02 09:07 AT 3400 695
20/02 09:07 AT 2940 600
But why are they quoting the last sale price, not the BID price? even a 15 minute delayed bid would have been better - yet they able to give you the bid price seconds after completing the sale? ABSA does, and you do not pay for live pricing with them...
Will be moving to ABSA's TFSA as soon as we are able. Did call EE, but they say cannot do anything ( just looking at getting transaction fees back).
Not a happy camper.
I cannot find the exact post just now but it was close to this one https://www.platinumwealth.co.za/forum/Thread-Stock-Watch-Thread?pid=2394#pid2394 where EE explained how their buy and sell pricing works. There are a few EE reps on that forum you can either ask or PM Jono directly he will respond to your questions there.
I did the opposite again I moved from Absa to Capitec and EE hehehe