Been tinkering with a competitor (sorry) and noticed a major difference in the way shares are purchased between here and there. With FT (if I understand correctly) the price is an average point between lowest & highest, and the purchase is made at what FT deem the best price available so you are never 100% what the price will be just what you set as max. Sometimes trades are rejected as no reasonable price is available.
With the competitor it offers a price and fills it at that - I haven’t made many trades but it doesnt seem to reject trades at all.
Is there a reason for the differences in approach? What are the benefits offered by FTs approach? I get the most reasonable price element of it, but I am personally finding I set a price above what FT says then have it rejected quite a lot at the moment - I appreciate that’s partly due to market volatility at the moment, but I can’t get my head around what benefit is offered by showing an average rather than the live price so I can purchase more accurately.