07-31-2022, 05:25 PM
Why is buying stocks or ETF‘s so intransparent in the way it gets processed (vs. c
<!-- SC_OFF --><div class="md"><p>English is not my native language so excuse any errors. </p> <p>I started investing a while ago, first through an expensive broker where I live and then switched to Interactive Brokers. </p> <p>Before starting my journey with stocks and ETF‘s I had bought som Ethereum coins a while back and was always impressed how easy it was. I could watch the order book update in real time, see what orders got executed and it just made sense. </p> <p>With IBKR I get shown some outdated prices, the order book sometimes just looks very strange and I think there is no way to see what orders got executed for which prices in the last hour or so. </p> <p>And I am wondering: why is that?</p> <p>Why is it so damn difficult to see what you‘re doing when placing an order? </p> <p>Example: it often happens that my ETF of choice trades at, say, $140.40 (last price), the book shows 140.55 as the lowest ask, I place my order at 140.55 but it won‘t get executed right away. Why does it not?? Maybe there is something about the order flow I don‘t get. </p> <p>Anyone else wondered the same thing and got an answer?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/RednBlackEagle"> /u/RednBlackEagle </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/wc4g5n/why_is_buying_stocks_or_etfs_so_intransparent_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/wc4g5n/why_is_buying_stocks_or_etfs_so_intransparent_in/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>English is not my native language so excuse any errors. </p> <p>I started investing a while ago, first through an expensive broker where I live and then switched to Interactive Brokers. </p> <p>Before starting my journey with stocks and ETF‘s I had bought som Ethereum coins a while back and was always impressed how easy it was. I could watch the order book update in real time, see what orders got executed and it just made sense. </p> <p>With IBKR I get shown some outdated prices, the order book sometimes just looks very strange and I think there is no way to see what orders got executed for which prices in the last hour or so. </p> <p>And I am wondering: why is that?</p> <p>Why is it so damn difficult to see what you‘re doing when placing an order? </p> <p>Example: it often happens that my ETF of choice trades at, say, $140.40 (last price), the book shows 140.55 as the lowest ask, I place my order at 140.55 but it won‘t get executed right away. Why does it not?? Maybe there is something about the order flow I don‘t get. </p> <p>Anyone else wondered the same thing and got an answer?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/RednBlackEagle"> /u/RednBlackEagle </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/wc4g5n/why_is_buying_stocks_or_etfs_so_intransparent_in/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/wc4g5n/why_is_buying_stocks_or_etfs_so_intransparent_in/">[comments]</a></span>