Hello. I am trying to place an order on SPDR MSCI ACWI through IE in my S&S ISA. I’m looking to lump sum £16k, but when I try to place an order, expecting ~73 shares given current market price of £219, it says ‘expected 71.9 shares’.
Pretty significant difference considering I chose this platform on now potentially empty promises of near zero fees. It’s possible that this is basing my order on yesterdays prices, but if not is there anything else that would be contributing to me paying more per share, whereas for the same sum of money on T212 I could buy 73 shares instead of 71.9 on here?
The difference between the bid and offer price is about 0.4% according to this; which proably accounts for the expected difference perhaps? That cannot be avoided by any platform.
If you have a lump sum to invest you are much better drip feeding the money in and getting an average price, particularly in a choppy market like now.
I did various tests putting orders in using CSH2 on here an other platform at the same date and time and didnt think the prices achieved were much different.
Ok so I had this same question when selling some AUCP the other day…. you can check very closely what happened. Find the transaction, whether buy or sell, under the relevant portfolio or in the general transactions section, open it up will tell you how many shares bot/sold at what price up to three decimal places. I think it might give the time but possibly not. They do these transactions and are pooled together after 230 when the USA markets also open. Then take a close look at the trading prices post 1430 on another platform (Ibkr, robin hood, Yahoo finance, whatever) and it should closely align with the etf transaction recorded by IE. Some of these ETFs are experiencing intra day volatility/movements just like stocks, really common now.
