Forum Archive Index - December 1999

[Stuart Cairns <stuart.c@dfmainland.co.nz>]

Joe
dfmtrade.com have free brokerage for December, should eliminate all your 
problems.

On a more serious note you should not pay the minimum on your second 
transaction but you should clarify it first

Stuart H. Cairns
email ; stuart.c@dfmtrade.com
tel 64+9+307 9066 fax 64+9+307 9061
dfmtrade offers registered clients no brokerage 
for buying and selling shares, at market, over the internet, 
for the month of December. Visit our website to register
http://www.dfmtrade.com


-----Original Message-----
From:   Joe Spooner [SMTP:joespooner@hotmail.com]
Sent:   Sunday, 5 December 1999 07:18
To:     sharechat@sharechat.co.nz
Subject:        [sharechat] Broker Question

I placed a buy order for shares recently with a limit. Unfortunately, the 
broker only purchased 14% of the number I ordered. I have just received the 
invoice for the transaction and it still includes the minimum brokerage fee 
as well as a trade fee. Plus it states that the rest of the order is still 
outstanding.

Obviously my brokerage fee is going to be inflated if the order is 
completed. And the brokerage fee on the small parcel already bought equates 
to around 2.5% for those shares.

My question is, can share brokers after receiving a request for a certain 
number of shares to be purchased at a limit price then purchase them in 
smaller parcels hence causing the brokerage to be a lot higher?

Regards
Joe



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