Buying order queues
- Thread starter Chaka1988
- Start date
Depends on your broker, not sure if there is any other way.
Commsec for example only show all the orders at a certain price level but Macquarie Primes platform shows you all the individual orders at a certain price level and highlights your order in the queue.
No idea, never used Bell's direct, you probably need to ask them.
nomore:
with the Macquarie platform, can you also see the full depth on every price level even if you dont have an order in the queue?
chaka:
with Bell Direct you can see all orders on every price level if you pay $10
per month for Gold or something like that without even having an order in for that stock.
with the Macquarie platform, can you also see the full depth on every price level even if you dont have an order in the queue?
chaka:
with Bell Direct you can see all orders on every price level if you pay $10
per month for Gold or something like that without even having an order in for that stock.
With the Mac Prime platform there is a box you can tick which will give you the individual orders in the queue or if unchecked standard market depth (all the orders collated at that price level) whether you have an order in the queue or not.
I really don't understand why more people don't use Mac Prime instead of Commsec, Etrade etc. With brokerage at $20 per trade it is comparable with both but the platform is heaps better. I can't ever recall it being down during market hours, it has free conditional orders, stop losses etc etc, free charting, live data that updates automatically (costs $37.50 per month though). It also has a GSL option for a cost and allows CFD type margins, the account also pays decent interest on unused funds, and you can also short a range of stocks with it.
I don't use it that much any more due to having an account with IB but do use it to short and for longer term holdings that I want chess sponsorship for. It is heaps better then my Commsec account and it was very easy to open.
nomore: thanks for your reply.
I have an account with IB as well but I would love to see all the orders on every price level for penny stocks, which is not possible with IB.
Thought to open an account with Bell for just that purpose and pay $ 10 a month for the privilage.
But if I understand you correctly with Prime I would be able to see all orders at the 0.4 cents price level of AEX for example without having an order in that queue through Prime.
And I would be able to see my order in that queue submitted through IB.
So if I`m correct, I just have to open an account with Prime without any costs involved.
thanks
I have an account with IB as well but I would love to see all the orders on every price level for penny stocks, which is not possible with IB.
Thought to open an account with Bell for just that purpose and pay $ 10 a month for the privilage.
But if I understand you correctly with Prime I would be able to see all orders at the 0.4 cents price level of AEX for example without having an order in that queue through Prime.
And I would be able to see my order in that queue submitted through IB.
So if I`m correct, I just have to open an account with Prime without any costs involved.
thanks
as an aside:
to open an account with Prime a deposit of 5k is required............
now I have no intention of leaving that money in the Prime Account but the DPS is a bit confusing.........
2.4 all surplus Available Funds can be withdrawn
2.5 if no positions a minimum of 5k in the Prime Account at all times
meaning that 5k will be stuck in the Prime Account?
to open an account with Prime a deposit of 5k is required............
now I have no intention of leaving that money in the Prime Account but the DPS is a bit confusing.........
2.4 all surplus Available Funds can be withdrawn
2.5 if no positions a minimum of 5k in the Prime Account at all times
meaning that 5k will be stuck in the Prime Account?
nomore: thanks for your reply.
I have an account with IB as well but I would love to see all the orders on every price level for penny stocks, which is not possible with IB.
Thought to open an account with Bell for just that purpose and pay $ 10 a month for the privilage.
But if I understand you correctly with Prime I would be able to see all orders at the 0.4 cents price level of AEX for example without having an order in that queue through Prime.
And I would be able to see my order in that queue submitted through IB.
So if I`m correct, I just have to open an account with Prime without any costs involved.
thanks
Correct but if you have the platform open during market hours with the market depths Prime charges you the ASX data fee the same as IB does, but they charge by amount of time you use it up to a max value.
From their site: http://www.macquarie.com.au/mq/prime/other_costs.htm
So if Bell only charge $10, you might be better off with them but I'd make sure they also don't charge an ASX data fee.
Prime fee info
I used to get detailed market depth from a brokerage by paying $ 10 per month as well for the "Gold" level or something like that and no data feed necessary to have a look at the orders in the queue. This company was later taken over by Comsec.
One of the former owners was one of the founders of Bell Direct so I assume the same thing will happen here......but I`ll take care.
At least I know what to do now, so thank you for your help and good trading for 2010
One of the former owners was one of the founders of Bell Direct so I assume the same thing will happen here......but I`ll take care.
At least I know what to do now, so thank you for your help and good trading for 2010
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