Direct Broking

[Independent Observer AUNZ]

bottomfeeder I've had the issue occur when selling a parcel of 250 shares (I dabbled in Westpac at one point, God knows why) - and the trade went through for only 220 shares at the price I was happy with. The next day, as I had anticipated, the price crashed and so I was left with 30 shares that if I allowed my SELL order to expire would cost an extra broking charge to get rid of. So I changed my price to where the market had shifted just not to be "stuck" with a parcel of only 30. I still came out on top and the average sell price was a good outcome, but it is tricky operating with some small trades with the broking fee as it currently operates because you can get caught out.

[Independent Observer AUNZ]

All....When I logged in yesterday morning I found I had lost one of my key Watch Lists. The one that mirrors...as much as possible, my portfolio.
Direct Broking have been unable to help, other than to tell me to recreate it if it has not reappeared this morning. It hasn't.

Has anyone else experienced this ?

Not something I've noticed - but I don't use the watchlists very actively really.

[Ggcc]

All....When I logged in yesterday morning I found I had lost one of my key Watch Lists. The one that mirrors...as much as possible, my portfolio.
Direct Broking have been unable to help, other than to tell me to recreate it if it has not reappeared this morning. It hasn't.

Has anyone else experienced this ?

I have experienced this twice, but before the takeover of direct broking. It happened to someone I also know recently after the takeover

[RTM]

Thanks all for your responses.
I use the watch lists pretty extensively so losing one is not something I want to happen. They help with some of the limitations of the information in the Portfolio.
GGCC...i'll pass your comment on to DB.....I thought maybe it was just me and that I had done something wrong !

[tomm]

Just a quick question to the advance , how long do you have until you have to pay back the shares you shorted with direct Broking ( same day) ? Thanks.

[blackcap]

You can now place limit orders via Sharesies. Is this the slow death of discount Broking in NZ as it has been for the past 25 years?

[couta1]

You can now place limit orders via Sharesies. Is this the slow death of discount Broking in NZ as it has been for the past 25 years?

How would it work for fast and furious trading?

[blackcap]

How would it work for fast and furious trading?

Well its even quicker than Direct or ASB as your order goes straight through is my understanding. So there is no middle man like currently at the brokerage. So even better if you are the fast and furious type

[couta1]

Well its even quicker than Direct or ASB as your order goes straight through is my understanding. So there is no middle man like currently at the brokerage. So even better if you are the fast and furious type

Do you get a live depth chart?

[blackcap]

Do you get a live depth chart?

Good questions, I do not think so but have not checked with them. But I doubt it very much. Data is also 20 min delayed.. Still you can get depth from one source and trade on the other.

[bottomfeeder]

Direct on a go slow. Put a sell order in. The buyer is sitting there, 10 minutes later still sitting there. Hope I meet the sale and someone else doesn't pip me and then I sell 1 share only. Just taking too long.

[RTM]

Direct on a go slow. Put a sell order in. The buyer is sitting there, 10 minutes later still sitting there. Hope I meet the sale and someone else doesn't pip me and then I sell 1 share only. Just taking too long.

Call them. I have found them responsive.

[bottomfeeder]

Much better this morning. Put in a buy order and it appeared on the nzx within a minute. I wonder why we have these differences.

[blackcap]

Much better this morning. Put in a buy order and it appeared on the nzx within a minute. I wonder why we have these differences.

They probably have one operator, 2 tops for internet orders. Lunch time, 1 operator is out at lunch, the other needs to take a dump. There is your 6 min delay.... quite simple that is probably what the explanation is.

[iceman]

Much better this morning. Put in a buy order and it appeared on the nzx within a minute. I wonder why we have these differences.

I have experienced this on many occasions. When it annoys me, I call them. They are very responsive when you call them. I think blackcap is probably correct about just 1 or 2 traders working on internet orders but we can't really complain. It is a cheap service and in reality I think we get pretty much what we pay for and I'm satisfied with that.