Hi all,

Today I posted a sell on some holdings near market close on PPH at 3.80. I placed a cancel on the order, however it appears that during the time it took for the cancellation to process, I had a partial selldown of the total order, around 50% of the order. I come from a FOREX trading background, so there are a few things with sharetrading that demand learning whilst in play.

The account has now been charged with a full brokerage fee and exchange fee, with still half my holding remaining and now half sold, meaning I will potentially have to pay a brokerage fee again to sell the second remaining half of my initial parcel.

I would have expected that if I had specified a full parcel to be sold at a set rate, sales would not be confirmed matched until all units had been allocated at the set rate?

Does it work differently than I envisioned? My broker is ASB securities. I have found them great to deal with so far, but this seemed like something I need to understand clearly.