If I place a check establish for XYZ co. for 23.00 & it executed Dutch auction, why would my acct. voice purchase XYZ (a) 23.03

Im I missing something that I should total contained by this price above my constraint command, is within an addtitional amount I requirement to be attracted to when placing rein in advice?

Answers:
The guy who answered first is a highly economically qualified professional, but somehow I disagree.
The purpose of a LIMIT, is only that. The great price you be ready to reward be $23. If the broker be incompetent to go and get you $23(or lower)
, the command should not enjoy be executed.
I enjoy be within the flea market for around 25 years and usually use limitation advice. I hold positively never remunerated over curb surrounded by a buy, and never received smaller amount than target contained by a market.
I focus someone made a big mistake!
In trading, at hand is what is set as slippage. Meaning that when you place a inhibit decree, the broker is going to try to return with it as close to your specified price, but may not know how to attain it at exactly that price. For instance, you may enjoy specified $23.00, but the lowest the price get be $23.03 and the broker bursting you at that price. Sometimes you may win the stuff at exactly $23.00 or better, enunciate at $22.98. The broker is going to try to gain you within at the best price he can in the neighbourhood your specified entry price. It's adjectives for this to occur.
I dream up some notes are missing because the writ have be executed as Dutch auction and your details statement is showing purchase. Are you sure is it YOUR details statement? or it may hold happen that stop loss have be triggered. I deliberate just your broker can explain you this entity.
ok, so here's my nick on your situation.
surrounded by ancient rome, they have this dedicated god, who be set to create havoc when it come to trading. this god, call fukupus maximus, have newly visit your broker's firm. that's the merely path one can plausibly explain how did a Dutch auction decree become a purchase decree. unless, unsurprisingly, you accidentally asked for a purchase, and not for a public sale command.
cheerful trading!


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