There is 1 major, major, major advantage with trading with ASB over Jarden. ASB action orders almost instantly if not instantly. It makes a huge difference when buying and selling. Huge
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Yes, I have experienced irritating delay in order processing to market and believe it should be more automated notwithstanding the need to confirm funds/existing holding. And yes, it does have the potential to miss a full or partial fill on occasion.
And I have yet to understand the rationale for the 20 min delay in real time pricing data/updates. This is surely for the potential benefit of brokers/institutional traders rather than retail clients. If I get sufficiently motivated, I will talk to the FMA about it. And personally, I believe all off-market crossings should be banned and all trades should go thru on-market based solely upon time of placement of orders so far as prioritisation in the queue is concerned.
What is your rationale for your last statement? If a broker has a buyer and a seller, why should they not be allowed to cross them (on market)? You know the broker could get the two parties together and organise them to complete an off market transfer form, send to the registry and that would have the same outcome. Except then the market is not informed. I think the current system is pretty good.
As for delays in processing that is not good. Only takes 2 seconds to determine if a client has money in their account.
As for the delay. Its a money thing. NZX charge the brokers for the live data. If you have done trades with them they will give you live depth.
That's interesting, thanks. Guess this would be especially important for Traders...which I am not.
But yes...I can remember on the old system seeing orders sitting there not being processed which was more than annoying at times.
Generally not an issue for me and the way I do business now.
I thought it was quicker in the new system....but have no data to substantiate that one way or another.
Cant log in. It just takes you to a sign up screen. Anyone else having problems or am I just the only one. Rang Jarden, they are going to give me a ticket. I wonder how long that is going to be. Same problem on all my devices and Laptop. Quite disconcerting. You feel like someones hacked your account.
having no issues- try deleting your cookies and cached files. your browser will save parts of websites to load it faster in future. if the website is upgraded ,which is likely with Jarden, its possible your browser holds too many old files on the website.
(this is my basic understanding of how web pages/ online portals work)
Thanks, Just me then. Right after I watched that guy Latta talking about getting scammed. When things dont go well, you get concerned.
Never ever happened with Direct website. If its not reliable makes you wonder how safe you are.