50,000 shares

[Citizen2007]

Does anybody have any recommendations on a good broker that will allow me to clip maybe 25-50,000 uk shares intraday . Does anybody have experience of trading such size and any difficulties or problems they may have faced.

Any more information would be useful.

Thank You

 

[Masquerade]

How much are they each? Size is meaningless without knowing book cost.

 

[foredog]

Depends which market, in BP you can probably do this size easily but Rio you'd be looking at a big discount / premium.

I found Etrade CFD quite good.

 

[Citizen2007]

It will be FTSE100 stocks and their price range will be anything around the £5 to £10 range as anything smaller will offer a much smaller % movement. We will be looking to capture a few of the daily price waves that meet specified RR ratios.

We have been testing this with smaller quantities of 10,000 shares using CMC and it has not really been a problem. Will be testing in two weeks with GNI with a larger quantity.

 

[foredog]

for anythng over a few 1000 shares don't use a spreadbetter, go for CFD's or DMA as you may struggle to enter/ext larger trades wth a spreadbetter

 

[brendansvest]

It will be FTSE100 stocks and their price range will be anything around the £5 to £10 range as anything smaller will offer a much smaller % movement. We will be looking to capture a few of the daily price waves that meet specified RR ratios.

We have been testing this with smaller quantities of 10,000 shares using CMC and it has not really been a problem. Will be testing in two weeks with GNI with a larger quantity.

With a decent broker that should prove no problem at all. if you are executing this business yourself and not relying on advice send me a message and i will let you know how to cut your execution costs by about 40-50%.