Frequently asked questions

Best Execution?

Several key factors must be considered to get the ‘best possible’ result for your order: price, costs, speed, likelihood of execution, settlement of the order, and size and nature of the order. The best possible result for your order at Bolero is based on the total consideration you receive or have

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‘Buy’ option only? No ‘Sell’ option?

If you are looking to sell (an) asset(s) from your portfolio, but only see a possibility to buy, there might already be a pending sell order for this security. You can check this in the Order book menu, where you can still modify or cancel your order as long as it has not yet been executed.   Even

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Depth of the market?

The depth of the market shows the order book of that exchange for that security. It shows how many orders for what number of assets are in the market and at what price, for both buyers (Bid) and sellers (Ask). To see the market depth, tilt your smartphone/order screen horizontally; you may need to

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Bid & Ask?

The price is determined by the balance between buyers and sellers. The bid price (Bid) indicates what buyers want to pay, the asking price (Ask) indicates what sellers want to receive. So if you want to buy, you can have a look at the Ask price and if you want to sell, on the Bid price. 

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Market order?

When you place a market order, you want to be sure it is executed. This order will be executed at the next market price, irrespective of the level of that price. Since you have not specified a price limit, the price at which your market order is executed may differ significantly from the last known

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Limit order?

With limit orders, you can specify the maximum price at which you are willing to buy or the minimum price at which you are willing to sell. If you place a buy order with a limit price of 50 euros, it means you are willing to pay a maximum of 50 euros per security. If you place a sell order wi

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Limit price?

The limit price is the maximum price you are willing to pay when buying and the minimum price you want to receive when selling. Pay close attention to the decimal places: instead of by 0.01, some shares go up or down by 0.02, 0.05, 0.10, 0.20 or more. You can derive this tick size from the depth of

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Validity?

The validity shows the date until which your order remains valid if it is not executed right away. You can choose a day order, valid only on trading days until the stock exchange closes, or a date in the future (end of next month by default) (=good till date). As validity, do not select a day order

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Stop order?

A stop order, also known as a stop-loss order, is an order that is not sent to the stock exchange until a certain price (= trigger) is reached. Once the trigger is reached or exceeded, a stop order becomes a market order and your order is executed at the next market price. This type of order is ofte

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Stop-limit order?

A stop-limit order is an order that is sent to the stock exchange only after a certain trigger or price is reached or exceeded. Once the trigger is reached, your order is sent to the exchange as a limit order. Your order will be executed at this specific limit –the one specified by you – or better.

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