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"Closing deals only" message when clicking buy


DBAlex237

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5 hours ago, DBAlex237 said:

I tried to buy a share of UGAZ at market opening today and I get the message "You can only place an order to close on this market."

What's the meaning of this? Thanks in advance.

Hi, there are a number of potential reasons but the 2 most common are either that the company's market cap has fallen below IG's threshold and will remain on the platform only until all positions are closed before being removed.

or

IG client positioning has become very one-sided and IG has reached their maximum risk tolerance for the asset and so have closed the book until a number of the open positions have been closed, that may take hours, days or sometimes longer.

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