City index are closing my trades at linked limit rather than market opening price.
Example, soyabeans march futures market opened at 1369 today. My stop profit was 1359. Since the market gapped through this, I expect my trade to be settled at 1369.
If I had a stop loss at 1369, and the market opened at 1359, City Index would close my trade at the market price, not my stop. They are effectively choosing the price to suit them, and are being inconsistent about it.
Is this true of other companies? Does Mifid make any difference?
Example, soyabeans march futures market opened at 1369 today. My stop profit was 1359. Since the market gapped through this, I expect my trade to be settled at 1369.
If I had a stop loss at 1369, and the market opened at 1359, City Index would close my trade at the market price, not my stop. They are effectively choosing the price to suit them, and are being inconsistent about it.
Is this true of other companies? Does Mifid make any difference?
