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Margin on SPACs??

modges

By modges,
in Shares and ETFs

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modges

modges

Posted
Posted

Forcing clients to liquidate positions by increasing Margin to 100% on products you do not understand is a disgrace. No wonder 75% of people lose trading CFDs and Spread Bets when you arbitrarily increase Margin on Products you clearly don't understand. Tesla would sooner go to zero than a pre-deal SPAC trading near NAV. Not allowing the opening of new positions is fine, forcing people to close positions when they don't want to is unreasonable and really poor service.

Just to help you understand volatility:
Ajax Acquisition Corp 30day Vol - 40 (as low as 11 when trading closer to NAV)
Tesla Corp 30 day Vol - 60

Really very poor. 

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