Reddit Vs hedge funds

[blue matt]

Re: Reddit Vs hedge funds

It wouldn't have been blocked it just would have been set at 289

they put a block on oversea's buy orders before opening, i know as it happened to me

US Buy Orders temp disabled, due to external provider, due to a sudden and expected decision by our FX provider and their bank, to limit our volume of trades, we have been forced to disable buy orders on US stocks today

[Taunton Blue Genie]

Re: Reddit Vs hedge funds

Generally brokers will set the price based on market trading volumes

Thanks but that prompts another question. Are multiple brokers involved? If so, how does that work?
Thanks in advance for the erudition :thumbup:

[Croesy Blue]

Re: Reddit Vs hedge funds

they put a block on oversea's buy orders before opening, i know as it happened to me

US Buy Orders temp disabled, due to external provider, due to a sudden and expected decision by our FX provider and their bank, to limit our volume of trades, we have been forced to disable buy orders on US stocks today

That will just be the one broker won’t it? On HL I could still buy.

It opened higher than it’s been all day too so no one’s missed out. Could have got it at 256 an hour ago.

[blue matt]

Re: Reddit Vs hedge funds

That will just be the one broker won’t it? On HL I could still buy.

It opened higher than it’s been all day too so no one’s missed out. Could have got it at 256 an hour ago.

I meant " they " as in Freetrade as that was who WJ99mobile said he was using

[lardy]

Re: Reddit Vs hedge funds

Yes, I put an order on before I went to bed with FreeTrade at circa 289 and actually opened at 380 with a high of 413.

My trade was blocked though so is now stuck in the app - Great!

Are you sure you can't cancel it?

[Feedback]

Re: Reddit Vs hedge funds

Thanks but that prompts another question. Are multiple brokers involved? If so, how does that work?
Thanks in advance for the erudition :thumbup:

The platform you use will set it own price but they'll be conscious of the price other platform are buying/selling at

Quant traders buy millions of times daily buying and selling the same stock on two different platforms making use of arbitrage.

[blue matt]

Re: Reddit Vs hedge funds

GME closed at $90 today after a bit of a fire sale

surely the shorts havent been paid off yet as they were for so big ?

[Taunton Blue Genie]

Re: Reddit Vs hedge funds

The platform you use will set it own price but they'll be conscious of the price other platform are buying/selling at

Quant traders buy millions of times daily buying and selling the same stock on two different platforms making use of arbitrage.

Thanks for the answer although I'm not sure if I'm any wiser. I could ask how the 'platform' (whatever that is) sets its price but I had better let it go :-)

[KevDeri]

Re: Reddit Vs hedge funds

Hedge funds versus other hedge funds would be more accurate. Via The Canary:

https://www.thecanary.co/opinion/202...st-got-richer/