Ricordate che ci sono due modi di farsi eseguire gli ordini - gz
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By: GZ on Giovedì 23 Ottobre 2003 14:50
Parlando ieri con qualcuno che usa mi sembra Directa mi è stato raccontato di nuovo di ordini piazzati su titoli Americani in cui il prezzo immesso è stato "saltato", come aveva anche segnalato Banshee giorni fa
Ricordo allora che esistono DUE MODI DI FARSI ESEGUIRE GLI ORDINI
(come spiegato bene ma in inglese qui sotto in dettaglio)
1) tramite web, col trading online, ma in cui il tuo ordine viene eseguito dal broker senza che tu vedi bene come e quale sia il book
perchè il tuo ordine viene smistato successivamente ( dal tuo broker )verso la borsa elettronica
2) online ma tramite "Direct-access systems" cioè dove il tuo ordine
viene immesso DIRETTAMENTE nella borsa elettronica e ottieni esattamente il prezzo che vedi e su cui hai spinto il pulsante
perchè sei collegato direttamente al sistema elettronico della borsa
Per quello che capisco (correggetemi se sbaglio) tutte le SIM italiane usano il primo sistema per il NYSE e Nasdaq, che però può costarti parecchio con ordini al mercato e con ordini limite li puoi perdere
Nota:
Come broker estero, ma con base in europa, numero verde e gente che parla italiano una soluzione è ^www.interactivebrokers.com #www.interactivebrokers.com^... chiedere di Fernandino Macedo
(no, non mi pagano niente per raccomandarli...)
------------------------Finding the Right Broker
By Ken Wolff
Special to RealMoney.com
10/22/2003 12:17------------------------
It's very important to understand the difference between Web-based trading and direct-access trading.
Web-based trading involves logging in through a Web site and entering trades through a browser. But by the time investors load a Web browser, log in, confirm the order and send it, a few minutes might have gone by. The stock price could quite possibly have turned against them, or they could have received a poor execution, or no execution at all. The order is probably executed according to the broker's choice of venue, even though the price received might not be the best available. For this reason, many Web-based systems aren't equipped to service active investors. Most are simply not fast enough and don't offer as many execution capabilities.
Direct-access systems route trades to the exchange, market maker or ECN of the client's choice, not the broker's. The trade doesn't take place through a Web browser; clients are logged directly into their broker's DAT system. This offers the opportunity for better and faster executions as well as the opportunity for price improvement.
For my retirement account, I use E*Trade (ET:NYSE - commentary - research). It offers a nice array of retirement plans that fit my needs, and because my trades are a bit longer-term and less numerous, the executions are not as critical. For daytrading, however, I use Shoreline Trading, because I can get the Redi platform through it with direct-access trading, and it doesn't internalize or accept payment for order flow. I want my broker to have my best interests at heart and have the best tools available.
You need to know what kind of trader you are and what your needs are. You need to know what your broker is doing with your order. Know what happens when you press the buy button. Know if your broker is selling your trades to a third party for payments. And finally, know all your options. The more informed you are, the better chance you have of competing with the professionals, because they probably know the answers to all those questions.