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Gfd,
They take a short futures position
Aandi
Funnily enough that's how I read it
The big question for me on IG is: how do they set their prices?
Do they derive them from the market price? Or from positions taken on IG?
If the former they will defo need to hedge. If the latter then arbitrage would tend to balance longs and shorts, so the need for hedging may be minimal
Anyone know for sure?
Closet ramper* very much a ramper
Oh I see.. I thought that was maybe just if there was a big imbaallance between buys and sells then I. G would buy or short thee position on the market to cover any price movements. In eua's case they would have bought physical shares to cover long positions as the share price rose.
I'm a closet deramper admittedly as I have a £4k margin call to cover on opening day, I need the price to rise by a few pence straight away to keep my long spread bet position safe.
Aandi,
My understanding is slightly different on ig.com...
Both pros and retail get margin called if their equity falls below the margin requirement
The margin requirement is much higher for retail
If the margin call is not made the positions are closed automatically
If the position is closed and a retail customer has a negative cash balance, they will bring that back up to zero
Unbalanced positions on stocks are hedged through futures
The futures price will track the lse price through arbitrage
Hence positions on ig will affect the lse price (if the net position is significant enough) and indirectly the short register or shares on loan register
Spikeyj
Could you put me down for a opening SP of £ 3.70.
If the flanks/ reserves are proven as I suspect is happening as we type and it's a full sale that is the lowest guesstimate that I can get to with figures available.
I.G spread betting shorts are not real shorts. They are positions hedged against positions, so every short position has an equal long position and I.G makes money off the spread between them as the shorters close at the buy price and the longers close at sell price. Between 8 and 40 accounts on I.G have short positions. As I am pretty sure that I.G do not allow shorting on their ISA and Share dealing platforms, the shorts must all be on spread-bets. Now the losses will vary, they use leverage, usually 4x, but if you are a retail client (average punter), the spread bet short will be margin called and all you can lose is 100% of your betted money. If you are a professional client (rich) then the short is not margin called, the loss can be unlimited depending on opening share price.
This is seperate to the 0 - 1% of short positions held by clients (up to £1.9 million worth of short positions with a potential liability of £19million if this opens at 71p)
That song takes me back a good few years. Spot on though.
Colonel Abrams aka spikey
Should I listen what you say
Or listen what your folks say?
It's a tough decision to make
Oh, oh, I'm trapped
Like a fool I'm in a cage
I can't get out
You see I'm trapped
Can't you see I'm so confused?
I can't get out
You see I'm trapped
Like a fool I'm in a cage
I can't get out
You see I'm trapped
Can't you see I'm so confused?
I can't get out
Gl when it relists
He will never admit to his short position as the moment he does everything he says is for a reason..to save his ass!
Whilst he’s acting as an outside observer he can say things from a ‘neutral’ point of view(as funny as that is to us) and possibly sway the minds of some weak investors.
Anyone defending his actions is more than likely another alias/someone who’s short or some bitter plum who sold out early(DWF)
I do find it entertaining now though :)
Exactly Duck.
IG is not the only account out there. And there’s a hell of a lot of short selling that is directly negotiated with brokers... There’s some serious short bets here... Eurasia have a very astute and professional BOD and will no doubt be aware of such positions.
Master class by Eurasia suspending when they did.
SpikeyJ.
Jarro gained a lot of respect in my eyes when he finally admitted his short position. Kudos to him.
Of course you can stand by what you say but come on... to spend this amount of time bashing something that whereby you are merely a neutral spectator... come on lol.
Or.... If you want to go down as an absolute LEGEND on this BB... Perhaps give us an insight who you may be ‘representing (if you are that is ;) and tell us all!
Spikey is short. He holds no position but is fascinated by eua
Hi, this might be simple to some but wondering if anyone can post the calculation to give the pence per share outcome if a complete sale? Say £2b as an example?
I remember it was posted a couple of months ago but can't come across it. Would be much appreciated