RE: S.P.22 Feb 2021 10:00
IG are restricting access to a lot of small caps, requesting 100pc margin. Theyve also restricted quite a lot to closing only, this kind of affects spreadex too as they use IG to hedge.
If you can't come up with the 100pc margin , by friday I think it is, position is closed. It b*ll*cks, considering that you ahev a contract with them, but they can pull at any time. I have a long spread with IG for BMN and BMN was not on their 100pc margin list yet, but I'm sure it will be soon.
They released a list of 1000+ stcoks that now require 100pc margin and they are all small cap. Some pro accounts got notified last week, the rest of us have to rely on twitter....This again skews the market as they would be able to close with notice before everyone else knew and starts dumping.
PI's screwed yet again