Jump to content
  • 0

IG Candles versus other market data sources


JJP

Question

Although I have been trading FX for a while, I have recently started trading individual stocks and US stocks in particular. Can somebody please explain why the IG Daily candles look different to the same day candle from other market data sources.

For example: 

IG Today on Tesla is significantly different including massively higher high and lower lows than have been achieved throughout the week and in comparison to other data sources. See images.

J

image.thumb.png.62dd82fc7d53cafbe61c6420db90cc05.png

image.thumb.png.0cb5058c422f2d5525cd12bc44804339.png

Edited by JJP
Typo correction
Link to comment

2 answers to this question

Recommended Posts

  • 0

Hi JJP

Thanks for the question

On spread betting we price our shares directly from the exchange. We then wrap IG spread around that price. The only difference between the exchange price and the IG price is account for in spread. Please see the following link for an indication of our spreads in different jurisdictions. 

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-shares-spread-bet-product-details

All the best 

Anda

Link to comment
  • 0
6 hours ago, AndaIG said:

Hi JJP

Thanks for the question

On spread betting we price our shares directly from the exchange. We then wrap IG spread around that price. The only difference between the exchange price and the IG price is account for in spread. Please see the following link for an indication of our spreads in different jurisdictions. 

https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-shares-spread-bet-product-details

All the best 

Anda

Thank you Anda for getting back to me. I totally understand that IG wraps it's spread around the exchange price in order to create market pricing for its customers. That's great. But are you suggesting that in an All Hours Market, the spread is so big it can create a candle with a range 3 to 4 times, or more, larger than the exchange range. Surely not? 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,127
    • Total Posts
      93,007
    • Total Members
      42,513
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Fergus
    Joined 05/06/23 21:20
  • Posts

    • Tech Stock Market Report: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL  Stock Market Summary: Tech stocks remain in bullish trend.  Elliott Wave Analysis: APPL is in Wave (a) of an (a) (b) (c) Wave iv) correction, this will affect ETFs and the Nasdaq 100. This correction should be completed at the end of the next trading session. The tech stocks in this video are fine in their bullish trend structures. Trading Strategy: Longer term traders can simply hold as the main trend structure as a bullish trend is in place. Video Chapters 00:00 Apple (AAPL) 09:35 Amazon (AMZN) 10:54 NVIDIA (NVDA) 15:44 Meta Platforms (META) 17:41 Netflix (NFLX)  19:20 Alphabet (GOOGL) 21:33 Microsoft (MSFT) 25:16 Tesla (TSLA) 31:35 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com   
    • Look Ahead to 6/6/23: RBA interest rate decision; UK retail sales; British American Tobacco Australia’s central bank is likely to keep rates at 3.85% in June, but may raise again soon as inflation remains uncomfortably high. More data is likely to show cost of living pressures continue to weigh on the British consumer. Plus, watch out for consumption trends and earnings from British American Tobacco. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 05 June 2023           
    • We would like to go short silver for technical reasons and do so at $23.58 with a stop-loss at $24.03 and a downside target at $22.15. Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Monday 05 June 2023        
×
×
  • Create New...