UK basket trades

This is a discussion on UK basket trades within the Brokerages forums, part of the Commercial category; I have an algorithm which requires to trade basket of stocks (20-30) at close of day in UK stock market. ...

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Old Dec 25, 2016, 12:10pm   #1
 
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UK basket trades

I have an algorithm which requires to trade basket of stocks (20-30) at close of day in UK stock market. I have been comparing the UK stock trades costs. They are much more expansive than US. For example IB is charging 6GBP per stock, which will wipe out my profits.
Is there a UK brokerage which will allow basket trades lower commission
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Old Dec 25, 2016, 2:39pm   #2
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How long would you typically hold?
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Old Dec 25, 2016, 5:29pm   #3
 
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edult started this thread
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How long would you typically hold?
Algo is intended to hold for a long period for 3-6 months. However there are additional adjustments within this period like buying same set of stocks to increase or decrease the exposure.
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Old Dec 25, 2016, 9:49pm   #4
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Algo is intended to hold for a long period for 3-6 months. However there are additional adjustments within this period like buying same set of stocks to increase or decrease the exposure.

If you hold so many stocks for so long, even with a proportion of rotation, surely the £6 per trade overhead will become negligible?
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Old Dec 26, 2016, 2:03pm   #5
 
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Hi guys. I am new to this forum. It is so interesting with you.
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Old Dec 26, 2016, 5:26pm   #6
 
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I have an algorithm which requires to trade basket of stocks (20-30) at close of day in UK stock market. I have been comparing the UK stock trades costs. They are much more expansive than US. For example IB is charging 6GBP per stock, which will wipe out my profits.
Is there a UK brokerage which will allow basket trades lower commission
Try DeGiro, £1.75 per deal. cleans the floor with IB
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Old Dec 26, 2016, 6:03pm   #7
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Hi guys. I am new to this forum. It is so interesting with you.

Its a good place to learn what's important. Just don't try what edult's doing.......
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Old Dec 28, 2016, 3:18pm   #8
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Haha! Dejavu! Thats exactly a strategy I used from March to June this year. I opened 28 trades at 4:25pm (UK Stocks). My aim was to sell them all the day after for an overall win but some I would add to to increase exposure. Worked like a charm.
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