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Trading at Market

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Not applicable
Can anyone tell me when you cannot trade at market. Yesterday during closing auction I tried to put in an at market trade and it was not accepted. Thanks.
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15 REPLIES 15
klapka
Super Contributor
For every buyer there has to be a seller and visa versa but best advice is don't trade at market, it's dangerous!
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Not applicable
Well this is the first time ever I have tried to trade at market and there was one other order wanting to sell at market, but the point is, why would it not let me enter a trade at market?
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sponono
Super Contributor
nothing wrong with trading at market as long as you dont do it between 9-10 or after 4:30. during these periods, the market tends to be too volatile
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warhippo
Super Contributor
As Jim would say "never"
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Russ
Super Contributor
Same has happened to me Zircs.Don't know why.Probably temporary.
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SimonPB
Valued Contributor
you can't do @markets in the auction on OST ..
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Not applicable
Thanks Simon - so obviously the trade sitting at market was entered before 16.50. That's my one thing learnt for the day!
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Not applicable
Thanks Simon - so obviously the trade sitting at market was entered before 16.50. But before 9 can one make at market trades, because those seem to go thru at 9, or would the cutoff be 8.50?
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SimonPB
Valued Contributor
it's an OST restriction .. 2market on OST only 9am - 4.50pm ..
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Russ
Super Contributor
I don't get it.I see a lot of bids and offers being placed "at market" during the closing auction?
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SimonPB
Valued Contributor
but not from OST clients ..
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alleycat
Contributor
What is the reason for OST imposing that restriction?
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SimonPB
Valued Contributor
you would have to ask them ..
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Russ
Super Contributor
Thanks,Simon,now I get it!
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Not applicable
Thanks, Simon, for still being around to answer questions. I know you are on 'another lap' now, but know we all feel your comments carry weight. Incidentally I enjoy watching Hot Stoxx.
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