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Katavi

741 Posts.

3

19/11/14

16:53

Post #: 14316776
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Originally posted by dimaz11 ↑

Anyone put a sell order through Bell Potter for IPH this morning?
I asked my broker to put a sell order at the opening price (around 10.50am this morning) and I've just found out that my order actually matched at $3.01 instead of the $3.14 opening price.

Is this normal?

This is the response I've got from them. In order to ensure an orderly opening to the stock the decision was made to implement some uniform controls around how the stock was operated, which included having an operator place orders in the market. Due to the sheer volume of orders we had to process it took longer than usual to enter them into the market, and the stock moved from its opening price by the time some orders reached the market.

Not too happy that I lost 13 pips profit.. I normally placed order through Macquarie at 2 minutes before listing and it went through fine at open.

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Dimaz,
It is not normal. They missed putting your stock into the pre opening match and hence did not get the clearing price of 3.14. There is absolutely no excuse for this.
I would ask for brokerage free trade on that trade.
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