Australian (ASX) Stock Market Forum

Partial execution of Commsec "at limit" orders

xoa

Joined
22 January 2008
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I made a buy order today, and Commsec executed about half of my order at my limit price.

The price has since increased significantly and it's likely that the rest of my order won't be executed unless I amend my limit.

I checked out the "course of sales" and noticed that dozens of other trades were made at my limit after my order was partially executed. Has commsec screwed me, or was it unavoidable?
 
I made a buy order today, and Commsec executed about half of my order at my limit price.

The price has since increased significantly and it's likely that the rest of my order won't be executed unless I amend my limit.

I checked out the "course of sales" and noticed that dozens of other trades were made at my limit after my order was partially executed. Has commsec screwed me, or was it unavoidable?

1 - have you enough credit?

2 - if you really want it amend it and up ur price

3 - contact comsec
 
If other orders were crossed trades, there is nothing you can do about it.
This is how ASX work.
Trading houses have to use current price and report volume to the ASX and this is reported to everybody.

Those who have Iress platform can see what type of trade it was, if you have ordinary platform you will not see it, so most probably they have no case to answer.
 
Just noticed the title of this thread:"Partial execution of CommSec" and couldn't help wondering why they didn't finish the job....
 
I made a buy order today, and Commsec executed about half of my order at my limit price.

The price has since increased significantly and it's likely that the rest of my order won't be executed unless I amend my limit.

I checked out the "course of sales" and noticed that dozens of other trades were made at my limit after my order was partially executed. Has commsec screwed me, or was it unavoidable?
This is the way it works with limit orders. To be simple about it, you have seen a stock at the price you want so you place a limit order. Then 19 other people at exactly the same time want to do the same thing as you so while your order is being processed the amount of shares available is being taken by others who would have put their order on in a fraction of a second before you put your order in. The shares you want at your price is not available anymore and the next price up is only available, in the mean time others are putting on at market orders pushing the price up further. You in the end have only a party filled order. It's happened to me a few times, particularly with stocks that have thousands of orders and high volume.
 
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