UK stocks appear to offer much greater value than those in the US. Its political leaders may walk themselves into a recession, but not all companies will be affected equally. Needless to say I have become more interested in stocks in the UK of late, but I am having a heck of a time navigating the AIM exchange.
There are numerous times I have put in bid orders *that are the inside bid*. That is, my purchase offer is higher than the official "bid" I see on my broker's quote board. And yet, no matter how long I wait (hours, even), my bid never becomes the official bid.
So maybe the quote machine is wonky; surely the exchange is working properly, right? Well, no. It has happened numerous times that transactions have taken place *below my bid* and my order has not gotten filled at all! Does anyone have any idea how this can happen? I have never seen this happen in North America or anywhere else.
I've gone as deep into the bowels of my broker's help desk as they'd let me, but all this has resulted in is more questions than answers. I've been told my bids are sometimes too large for the stocks, and so they get ignored (and yet I have had partial fills other times, so I know the exchanges have this high-tech capability!), and I've been told these are market-maker stocks with special rules. My opinion is that the people I've talked to have no idea what's going on, which is why they can't explain it to me in a way I can understand.
A web search has proven fruitless.
Does anybody know what's going on?