Frequently Asked Questions

I have just placed a limit/stop loss order, what happens next?

When you place a limit/stop loss order your trade will be entered onto our limit dealing system. This system monitors the price of the stock you have set a limit for. When your limit is reached we will attempt to place your trade with the market.

Initially we will attempt your trade electronically. Under certain market conditions or for orders above the “Exchange Market Size” (EMS) we may not be able to place your trade electronically. In these instances your trade will be passed to one of our registered market dealers who will contact the market to deal your order if possible.

In respect of stop losses, we will attempt to place your order at the stop loss price you requested. However Market conditions may result in the execution of a stop loss order being at a price above or below the stop loss price.

EMS is the maximum number of shares that the market is obliged to offer at the indicative quoted or “touch price”. You can find the EMS of a stock in the Company Facts report in the research section of our site. The EMS is on the top right hand side of the screen and is market NMS.