London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Merchant Banker & QuickDraw
Ok so trading started again at 08:20:20 bid 263 ask 270
I got a quote on AJ Bell
Back on now. Panic over! :o)
Thompson Reuters Eikon not showing price either. Updata from same source showing 270.5 last updated 16.13.00 yesterday????
Aaaaand breath . . .
Open now!
? bubble next to no electronic trading on my IG takes you to the below specific help page:
"What is a ‘limit up’ and a ‘limit down’?
In the event of severe market volatility, regulated central exchanges such as the CME may sometimes suspend trading on one side of the underlying market. These suspensions are called ‘limit up’ or ‘limit down’, depending on the direction that the market has moved. These limits can also be referred to as ‘circuit breakers’.
Both limit ups and limit downs are used to prevent certain assets reaching excessively high volatility levels.
As trading is suspended in the underlying market, it will impact how you trade with us.
What is a limit up?
A limit up is the maximum amount that the price of a stock, commodity or index futures contract will be allowed to increase in a single trading session.
This means that buying the underlying market is suspended by the exchange.
You’ll therefore only be able to sell – whether to open or close positions– when a limit up is in place. To sell with IG, you’ll have to phone us, but please be aware that prices may be significantly higher when the market re-opens.
What is a limit down?
A limit down is the opposite to a limit up. It sets the maximum amount that the price of a stock, commodity or index futures contract will be allowed to decrease in a single trading session.
Limit downs seek to prevent panic selling and market crashes. This is because if more and more traders begin to sell in a panic, the price of the underlying commodity will decrease in line with increased supply and lower demand in the market.
This means that selling the underlying market is suspended by the exchange.
You’ll therefore only be able to buy – whether to open or close positions – when a limit down is in place. To buy with IG, you’ll have to phone us, but please be aware that prices may be significantly lower when the market re-opens.
Current limit up/limit down bands
The limit up and limit down thresholds are fixed by the exchange on which the assets trade, and are set for each asset. As such they are subject to change.
For more information on a particular exchange’s thresholds and the latest threshold prices, you can look directly on the exchange’s website."
No quotes through Barclays either.
Just rang my IG manager and she is confused as she has live prices. Seems to be an IT glitch
On IG the 'no action available' message was up a good half an hour before the open. At 08.12hrs it is still, "call to deal". I would say not business as usual.
To be fair it has been up a penny and down the same. It’s wild today. Perhaps they’ve seen the RNS saying we’ve just received an initial £8bn contract?
HL just quoted me 268 to sell, 270 to buy, so business as usual then?
I've got the same; they do it to limit volatility.
Is it possible they are aware of major news from the NOMAD? I don't know how plausible that is but perhaps someone does?
No online dealing through IG which is certainly not normal for a share dealing account but has happened before briefly.
Ig same can't deal
Also quoted to buy and sell fine x
HL showing 268 all seems normal x
Spreadex not showing any live prices for Avacta and says "please call". Also odd and unusual.
At the open it is now, "Call to deal". i.e. no electronic trading.
IG platform showing message, "No action available" and a little cross next to AVCT . . . not the normal, pre-market open, "Place order to open". Any ideas why?