Can't buy odd lots of Softbank from EGRP despite EGRP being owned by Softbank, oh the irony. I'm responding to this post [quoted below] from 2 months ago, I didn't see until today.
Look, SpyTrader, I don't know if you mean you bought a round lot or an odd lot. If you actually bought an odd lot than either: 1)you have special connections at ETrade OR 2) the customer service reps I dealt with @ ETrade are unbelievably incompetent. I repeatedly tried to place an order with ETrade for Softbank. And although EGRP is nearly 30% owned by Softbank, EGRP's website would not recognize the SFTBF ticker.
So I called ***TWICE*** via phone broker to buy it. Both times they confirmed my order and said it would be executed once the foreign market opens (different time zones). BOTH TIMES, I was later informed that all odd lot trades for Softbank are rejected by market-makers.
That you can head over to EGRP's website or just call a phone broker and expect to get an odd lot of SFTBF from them is a myth.
- Netconductor.com "toonces"
SpyTrader wrote:
>>Pareto: ask Netconductor, not me.
maybe he doesn't have an account at ETrade, or he just didn't know it was possible to buy foreign stocks on their local
markets.
i used to do that quite often at ETrade last year, buy foreign stocks on their local markets via a live broker, nothing
strange about it, commissions are $ 35 more or less, and confirmations take half an hour or so if the other market is
open during US market hours. |
