Question by chicagogirl: When I but stock at "market" price on an online brokerage account, why don't I get the real time price?
For example, I have an Ameritrade account and I set it up to trade at market price. Right before and right after it shows real time price of a stock at say .8/share but when I say I want to buy, it executes the purchase and I buy at 53.08/share. Why don't I get the 52.8 price when the real time quotes immediately before and after are cheaper?
Best answer:
Answer by Brenda MHello Chicagog:
The short answer is simply that your "order"(s) are not placed into market in real time. If you read through the agreement you have with the trading account being used . . . it will be in there somewhere.
It is a major
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