Second,becauseETFsarequotedlikeshares,theycanbetradedindifferentways。

MostUKretailinvestorsuseonlinestockbrokersquoteanddealservice,whereaquotedbuyingorsellingpriceisheldfor10-25seconds,allowingyoutodecidetotradeornotatthatprice。

Youcanalsousestopandlimitorders(instructionstobuyorsellatapre-setprice),whichareagoodwayofcontrollingriskandtradingonyourownterms。

Butyoushouldalwayskeepinmindtheadageinatlimit,outatmarket。

Ifyouwanttogetout,takethemarketprice。

However,duetoaquirkoftheUKmarket,almostallretail-investortradespassthroughretailserviceproviders(RSPs),intermediariesbetweenonlinestockbrokersandthewholesalemarket。

DependingonhowmanyRSPsyourbrokerpollswhenyouplaceanorder,youmaynotgetthebestavailableprice。

AndlimitordersleftwithanRSParentautomaticallydisplayedtothemarket。

Thesolutionistouseabrokerthatoffersdirectmarketaccess(DMA),suchasInteractiveBrokersandiDealing。

DMAplacesyourorderintotheLondonStockExchangesorderbook,displayingyourlimitorderstothemarketandsettingyourownprice,ratherthansimplytakingthepriceofferedbytheRSP。



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