← What's comingConditional on a broker agreement
Place an order
Send a buy or sell order to your broker from the app, instead of an email.
Today an order goes out by email or by phone, and the investor rarely keeps an exact record of what was asked for. Biba Neza would transmit the order to your licensed broker, who remains the only party executing it on the RSE. This is the most demanding feature of the project: it takes a signed agreement with a broker and a clear position from the CMA on order transmission. So it carries no date.
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What it will do
- Build a complete order: side, quantity in lots of 100, market or limit.
- Show the estimated cost, 1.71% commission included, before it goes out.
- Transmit the order to the licensed broker and follow its status through to execution.
What it will not do
- Execute the order on the RSE: only a licensed broker can do that.
- Hold your securities or receive your funds.
- Guarantee a price: execution depends on the order book on the day.
Feature conditional on a signed agreement with a licensed broker and on the CMA's position on order transmission. No date is announced.