UKNM: share trading sites

[aajgray]

Hoping this question is not misplaced.  I recently signed up to

www.sharepeople.com primarily because of the attractive intro interest rate

they were offering on funds held in their trading accounts.


When I went to place my first trade, I realised that there are only two buy

options available: the first allowed shares to be purchased at 'best rate'

i.e. the current ask price when the trade is placed.  The second allowed me

to set a price 'fill or kill' i.e. if there were no sellers at the price I

set, the buy order is cancelled.


Problem with both of these options is that I can't set a price below the

current ask with the expectation that the market will track down towards my

price.  'Fill or kill' will cancel the order and I effectively need to stay

online and re-enter the order as the market tracks down.


The upshot is that sharepeople.com does not actually support what the

sharemarket is all about: buyers and sellers meeting at mutually acceptable

prices.


Does anyone know of a UK/ US market share-trading site that will accept a

buy price at below the ask and hold the order (for 7 days perhaps) until a

trade takes place (or I cancel the order)?


Cheers,


rouge trader


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