What is a Quote and Deal?
Quote & Deal orders allow you to view a real time price and decide whether to place your order based on this price, so you know the price before you deal.
With a Quote & Deal order we will endeavour to hold the quote for up to 15 seconds, therefore reducing your exposure to any price movements while you decide.
However this quote may be withdrawn by the Retail Service Provider (RSP)* prior to the expiry of the 15 second countdown due to various conditions that include market liquidity, order size and volatility of the stock Quote and deal orders can only be placed during market hours. This order type is available for LSE, AIM, EQS and ISDX shares online and by telephone. There is no minimum value for Quote & Deal orders placed online - although for sales the value must at least cover the commission and charges of the order. The maximum value allowed for Quote & Deal orders online will be determined by your amount "Available to Invest" and the size the RSP's are willing to trade in.
Quote & Deal orders are suitable when the market is open and you want to deal immediately.
To find out more about Barclays Stockbrokers Price Improver click here.
*the RSP sometimes known as the Market Maker provides the buy / sell price for your stock.