WBC 1.67% $31.80 westpac banking corporation

westpac broking down, page-22

  1. 5,812 Posts.
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    On Monday at 9.45 I put a buy order for PNA at 32c which was a few cents above Friday's closing price.

    It remained in referred status for 10 minutes.

    I then spoke with someone at Westpac at 9.55 who advised me I should place my order well before the market opens to avoid the order being in referred status when the market opens.

    At 10am I then adjusted it to 34c as the indicative price was now at about 33c. It remained in referred status again for another 5 minutes. I was lucky I got hold of someone a few moments before PNA opened and I got my order approved.

    Do they not understand that the indicative price changes before the market opens? Orders should be approved in seconds not minutes.

    I think I have just convinced myself to go elsewhere.
 
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