When you trade in the Treasury, you may sometimes notice a difference between the price displayed before placing the order and the final execution price or amount. This is normal and happens because of how market prices are quoted and orders are executed.
Stocks, ETFs, iBonds
The catalogue shows the last traded price of the asset.
For instruments traded in USD, prices are converted into EUR at the current market rate.
When you place an order, it is executed at the best available market price. If the market moves in the meantime, the execution price can be slightly higher or lower than the one you saw on the instrument page.
Crypto-assets
On the coin screen, you see the mid-price between the bid and ask, provided by our partners.
On the order screen, you’ll be shown the approximate buy or sell price based on the current market rate.
The final execution price depends on market volatility at the moment your order is processed — this difference is known as slippage. We do not add any spreads on top.
Prices are shown in EUR, while most exchanges stream prices in USD, so small differences may occur because of currency conversion.
When you place an order:
For buy orders, you can set the exact amount of money to spend, but the number of coins you receive will only be approximate (e.g. you set to buy ~0.01 BTC, you may receive 0.0099 BTC).
For sell orders, you can set the exact number of coins to sell, but the EUR amount you receive will be approximate (e.g. you set to sell BTC for ~EUR 5,000, you may receive EUR 4,995).
For swaps, you choose the amount of one coin to exchange, while the received amount of the other coin will be approximate until execution.
Where to see the final amounts
The exact executed price and the final amount (whether in EUR or coins) are always available in your Operations Timeline immediately after the order is executed.