offer lower than the bid..

Discussion in 'Trading' started by sj8070, Oct 22, 2013.

  1. sj8070

    sj8070

    hi all

    fairly new to IB's trader workstation platform

    any idea why on this fairly illiquid UK stock the Ask price is quoted lower than the bid? see attachment

    last traded price is also 174.. (so would assume real ask/offer should be 175 ish)??

    also checked the level 2 screen and couldnt see the source of this quote - nothing showed up


    am clearly being dense
     
  2. gmst

    gmst

    please also post screenshot of market depth window
     
  3. sj8070

    sj8070

    market depth window is completely blank (literally nothing there)...

    here is the time & sales data though, might help
     
  4. gmst

    gmst

    ask IB, seems like a data problem from exchange (LSE side for some stocks),

    since in T&S bid-ask are visible on the last column and also on your first attachment on the left side, bid-ask size is given.
     
  5. sj8070

    sj8070

    yeah - i tried trading at this ask price and it didnt execute

    IB will be able to answer you think?


    one other issue that im having is for large caps (e.g. RBS) the LSE data subscription isnt enough?
    also need Turquoise subscription for realtime prices?#

    dont see why that shuld be
     
  6. Bob111

    Bob111

    ---IB will be able to answer you think?--

    yes. make sure you are talking to the trading desk,not some regular CS. call them,not via chat or email. they got some knowledgeable people (at least at the trading desk,based on my experience)

    ----yeah - i tried trading at this ask price and it didnt execute--

    is there is any pop up message or whatever? if not-open your audit file and see what's in there. if your order was rejected for some reason-it should be in audit file
     
  7. Petro

    Petro

    What time of the day was it? Based on the chart in your picture, it was after 4pm, is that right? If so, you can get all kinds of weird bid/ask info on stocks you can't trade in the aftermarket.
     
  8. sj8070

    sj8070

    Market shut at 4:30?

    The order just didn't execute (Buy @ limit 171.50)
     
  9. Petro

    Petro

    4:30 in what time zone? Where are you located?
     
  10. sj8070

    sj8070

    UK...

    LSE as above
     
    #10     Oct 22, 2013