HLE's cash upfront accs only charge 0.1% for transac with rm12 min commission.

otherwise with margin n share collateral is 0.4% with min rm12.

service wise, i've never been happier with the speed of their order execution. interface is the same as RHB's, helpdesk has been really helpful n nice to listen to

only downside: the site only supports IE.

This post has been edited by teehk_tee: Jun 27 2010, 11:54 PM

right i'll use a diagram to explain. spoiler is really long.


hope that helps. if not clear just keep asking.

im using HLebroking.

its not possible to bypass 4.97.
you'd have to sapu all the 4.97 prices before u can get to 4.95. i.e. the sellers will sell to 4.97.. no more 4.97 buyers, 4.95 buyers.. 4.94 buyers.. etc. and that's how the price falls.

lemme try and get what ur trying to say.

the only way for this to happen is there's a wave of sellers, and the 4.97 buy queue gets wiped out to fall to the 4.95 queue.
buyers who still wish to buy at 4.97 will get the price at 4.97, because effectively they will be jumping queue.

so, this is what will happen.
1. 4.97 sellers will panic sell to 4.97 first, no more then sell to 4.95. stock price falls to 4.95.
2. buyers who wish to buy at 4.97, will buy at 4.97 (next best sell queue), price rises to 4.97.

the rationale for this is, when the price drops to 4.95, there will be sellers queueing at 4.97, while those sellers that are impatient will sell at the 4.95 buy queue (slowly sapuing it), so any buyers who want to buy at 4.97, won't be able to get the stock at 4.95, but will get the stock at 4.97, because there are sellers queueing at 4.97.

alternative scenario : if there are no sellers queueing at 4.97, but only at 5.00, a buy queue of 4.97 will be created, pushing the 4.95 queue to second place. sellers will then sell to the 4.97 queue instead of 4.95.

it might sound really hard to understand without pictures, but just try monitoring one of the active stocks tomorrow, say mudajaya. you'll get what i mean.

haha good, yeah you're right. priority goes to whoever is willing to jump the queue and buyer higher/ sell lower.
the order will still remain as one lot. anyone who puts a sell order at 4.97 will only get a partial order match of 1 lot.

say im a seller, i place sell 10 lots at 4.97 but unluckily when it comes to my turn to buy, buyer only wants to buy 1 lot. so deal will automatically be done for 1 lot. at this point, the 4.97 buy queue will be wiped out, and next buy queue will be 4.95. so i'll be left in the 4.97 sell queue with 9 lots of buy @4.97, while other sellers will probably jump queue and sell at 4.95 to the next available buyer (at 4.95)

orders wont be cancelled. they'll remain but you'll get a partial match if there isn't enough quantity to match your order.

there's another scenario as well..

say i am seller B in the sell queue (i want to sell 50 lots). there's a seller A in front of me in the sell queue.. (because he placed the order earlier than me). he wants to sell 28 lots. in comes a buyer wanting to buy at our sell price. he wants to buy 60 lots. so the system will automatically settle the trades. he will take 28 from seller A in front of me, and 32 from me. so i'll be left with a partial trade done at 32 lots. with 18 lots left in the queue.

get it?

im not sure about the us. but in UK, im pretty sure its something u see on the trading floor. traders yelling prices across to match etc.

u sound like forex player. stocks.. same thing lah.