How can orders be executed at 7pm when the LSE is closed?

General
1

Hello IE team,

Just saw the following sentence in your system:

Orders are executed in our daily trading window between 2 pm and 7 pm. Actual amounts may differ slightly from those shown below.

I understand that the LSE closes at 4:30 pm, so I don’t get how orders cloud be executed at 7 pm?

I would appreciate if you could clarify this!

Thanks,

Daniel

2

Hi

Good question belive lse relates to stocks only trading fur commodities are done elsewhere at specific times just wondering if this relates to us times ?i e new york 5 hours behind u k ? Frank

3

Good question.

We typically execute our order around 3 pm (after New York opens). But we need to ensure our systems and all transaction are all fully updated. That process can take a little extra time and is why we’ve said our “trading window” is between 2pm & 7pm.

The 2 pm cutoff is to ensure we process all TopUps and Orders ahead of the rebalance.
The 7 pm to make sure for all our trades to be booked + UI/transaction record to update.
(A single market trade can be split out, with fractional shares allocated to hundreds of customers - hence why it can take some time)