I don't get how this order executed. I placed the order before market open at last day's closing price, but after hours and premarket trading had the stock open at a much lower price than last day's closing price... You can check historical quotes of the opening prices to see what I mean.
What I don't understand is how this order DID get executed at the open; I thought orders that had such a spread between open price and ask/bid price wouldn't get executed.
Platform was IQ Option, haven't gotten this to work using other platforms except when on a demo account (worked with demo on IG Group platform). The answer is maybe very obvious but I don't get it...
It's been bugging me because I can't find anything on it anywhere. The only things I've been able to find is that it got executed because the broker (IQ Option) had shares of their own as a buffer for their traders, or the order got executed because somewhere there was an offer for a matching price.
I happened a couple of times, but other times it didn't execute.
Easton Allen
What coin is That?
Jonathan Wright
Coin? Snap Inc is the snapchat company.
Matthew Morris
This was a limit order?
Cooper Perry
No, it was placed at about market price (they call it current price even when the market is closed.
and here I mean it's nice and all that I can/could place such orders and have them filled, but now that I'm using different software (CMC Markets currently) there's no option for it. So I'm trying to understand how it worked those first couple of times on IQ Option.
