PET.au

[ScottMcNab]

… wondering if anyone else had issues with this stock today ?

Had a buy limit sent in at 1.19 before open…stock was below that price for the first hour according to time & sales but no fill…got filled on 3 other stocks today no problems so everything seemed to work fine except for that one stock….and it would have been a 12% gain for the day of course

[ScottMcNab]

just found this in API log

Error Code: 201 Error Message: Order rejected – reason:Because of Australian regulatory restrictions, this account is restricted from creating or increasing a margin loan (the borrowing of cash against securities as collateral).

Bit strange as loads of cash sitting in acct spare ??

[JulianCohen]

Is there enough cash to buy every one of the orders you have entered? My guess is that is what the issue is….but I’m only guessing

[ScottMcNab]

Yep….probably double that amount as the US MRV system operates from same account and only half positions are open…rest in cash..certainly confusing

[ScottMcNab]

IB response was that they still counted the unfilled buy limit orders on the US stocks (even though market closed) from the previous night…even though configured not to trade after hours ??
Live and learn.

[JulianCohen]

WTF !!! Were they still live even though the market had closed, or were they cancelled?

[ScottMcNab]

Worked it out…not getting quicker in my old age
2 mistakes …placed order on asx at 5.55am local…5 min before US market closed so order was rejected at that time
..more importantly I did not consider rapid drop in AUD….if they had calculated the size of unfilled US buy limit orders using over 0.68 would have been fine but found out from IB they did the calculations using 0.67…so it theoretically deducted more from cash reserves…and I missed out on having enough for PET.au order by 1k

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