Partial order not completely filled when enough volume was traded?

[againsthegrain]

I put in a order to buy roughly 100k volume of a stock. I had 5k filled in on wed and my order was left open to be complete when there is more sellers at the price I put in a bid. I put in the order to be open until completed.

So logically I am the first in que since my order is already partially filled?

I open up trading today and I see 200.xxxK of the stock at my ask price has been traded and none has been filled to me!

I rang up Etrade with ANZ and they said they need to investigate and get back to me.

Does anybody know why this can happen? What excuse should I accept/not accept when they get back to me?

 

[pixel]

Re: Partial order not completely filled when enough volume was traded

I put in a order to buy roughly 100k volume of a stock. I had 5k filled in on wed and my order was left open to be complete when there is more sellers at the price I put in a bid. I put in the order to be open until completed.

So logically I am the first in que since my order is already partially filled?

I open up trading today and I see 200.xxxK of the stock at my ask price has been traded and none has been filled to me!

I rang up Etrade with ANZ and they said they need to investigate and get back to me.

Does anybody know why this can happen? What excuse should I accept/not accept when they get back to me?

The trade that jumped you may have been a crossing, meaning that both sides were clients of the same broker. That would be perfectly legal. If you tell me which stock it was and at what date and time the offending trade took place, I can tell you instantly whether it was a crossing.
If the time was outside normal trading hours, it could also have been an off-market transfer between "consenting adults", which is only put on record for statistical purposes.

 

[againsthegrain]

Re: Partial order not completely filled when enough volume was traded

The trade that jumped you may have been a crossing, meaning that both sides were clients of the same broker. That would be perfectly legal. If you tell me which stock it was and at what date and time the offending trade took place, I can tell you instantly whether it was a crossing.
If the time was outside normal trading hours, it could also have been an off-market transfer between "consenting adults", which is only put on record for statistical purposes.

Ok, I was under the impression that off market trades won't show up as quick as they did.

BKP Baraka resources

Trade No. Time Price Volume Value Conditions
1 3 10:45:07 am 0.6 9,151 $55 Crossed,
2 2 10:45:07 am 0.6 124,849 $749 Crossed,
3 1 10:28:33 am 0.6 100,000 $600 Crossed,

 

[kid hustlr]

looks like a corssing to me

just as an fyi

http://www.asx.com.au/resources/crossings.htm

 

[againsthegrain]

you are both correct, etrade confirmed it was a crossing from the same broker. learned something new

 

[kid hustlr]

you are both correct, etrade confirmed it was a crossing from the same broker. learned something new

Still doesn't mean you can't get angry

 

[pixel]

Still doesn't mean you can't get angry

Angry? About what? Playing without being fully aware of the rules?

I much prefer againsthegrain's attitude: being happy to have learned something new

 

[kid hustlr]

Angry? About what? Playing without being fully aware of the rules?

I much prefer againsthegrain's attitude: being happy to have learned something new

Ya fair point, hate the player not the game etc etc