Frequently Asked Questions

Why do I have the choice to publish my Limit Orders?

Publishing Limit Orders means that your Limit Order will be made publicly visible to other market participants to facilitate earlier execution. One way of doing this would be to put the order on the order book of the London Stock Exchange (LSE).

You should also be aware that by publishing your order on the LSE order book your order may not be filled (executed) immediately or it may be executed in multiple fills. For example, an order of 3,000 shares may be split into amounts of 1,000, 1,200 and 800 and traded separately.

Orders published on the LSE order book are executed in order of price and then time, so if your order was made public after another placed at the same price, your order would be executed after that order, i.e. in due turn, should the price be achievable.

By agreeing not to publish your Limit Order we are able to offer you the following benefits:

• Price improvement – because we deal directly with competing Market Makers.
• Online commission rates where applicable.
• One single trade per order placed and therefore one commission.
• Extended Settlement.

The circumstances when we can publish your Limit Order(s) are: 

• The Limit Order must be placed by telephone during normal market hours; 
• Be within the normal market size dictated by the market upon which the stock is listed, i.e. London Stock Exchange (LSE); 
• The stock must be an order driven stock, i.e. a stock that can be published on the LSE order book; 
• You may only choose a settlement period of T+3; and 
• The limit order is "Good for The Day" i.e. your order will be published until the market closes on the same day.