Placing DMA orders on SETSqx (market maker stock)

[Ricky66]

Hi,

I have tried to place a limit DMA order with a market makers stock CSSG and not able to click proceed (greyed out) during auction period or open period. This is the case with any market maker stock. Other stocks however I am able to place DMA orders and the proceed button is not greyed out, see attachment. I am trying to understand why this is the case. Are you not able to place DMA limit orders on market maker stocks?

I have only just started to use DMA so any help/info would be greatly appreciated.

Kind regards,

Ricky66

[JamesIG]

23 hours ago, Soulwake said:

Until seeing your post I had assumed L2 dealer displayed the order books for only SETS stocks.  (for the small data feed charge, I thought that was fair enough..)

Searching via the main L2 menu will return a drop down, but clicking does nothing. No pop-up.

Searching via an already open L2 order book will return nothing, only SETS stocks

Just requested our account opening team double check your permissions. I think they've changed something which may resolve this. Please restart L2 dealer and try again. Thanks. 

[PandaFace]

Yeh I remember this question from a while back. You can’t place LO’s on MM stock as their prime broker doesn’t support the functionality. 

Thats only dma tho and otc with IG should be fine. 

[Ricky66]

Thank you Panda. You are right about LO on MM stock but strangely cannot place limit order of any kind not even on quote price. Attached standard dealing ticket screenshot. I know a limit buy or limit sell is available on any other platform I can think of. Surely IG offer this on any stock outside of DMA??

[Soulwake]

Until seeing your post I had assumed L2 dealer displayed the order books for only SETS stocks.  (for the small data feed charge, I thought that was fair enough..)

Searching via the main L2 menu will return a drop down, but clicking does nothing. No pop-up.

Searching via an already open L2 order book will return nothing, only SETS stocks.

Pics below, ignore time zone.

Any Ideas?

Thanks, SW.

[Caseynotes]

Hi @Soulwake,  @Ricky66  & @PandaFace       Croma being a SETSqx stock I think you need to click the RSP not the DMA on the Deal Ticket and request a quote. From the link see section 5 - 'Placing a Deal'.

https://a.c-dn.net/c/content/dam/publicsites/1439568973395/igcom/uk/files/other/CFD/ig_cfd_l2_dealer_manual.pdf

[Soulwake]

@JamesIG , I just this second restarted and all is working. Many thanks.

@Caseynotes , Some nice information. I actually went back through the PDF and picked up on a few things I missed first time. Always worth another look.

On a slightly related note, ADVFN provides a L2 guide that is worth a read. Excluding the few pages specific to their platform, It also includes a brief intro to level 2 history, market depth, supply/demand, market timing, auctions ect. A fairly well thought out reference. Not sure if I can link here, but it's googles 1st result for "Level2Explained.pdf advfn".

All the best.