THG.L - Suddenly "closing trades only" - explanation?

[eddyed]

How can one find out why a share suddenly goes closing only??

[Kowal]

I  would like to know that also.

IG ? Any answer ?

[OfentseIG]

On 19/01/2023 at 17:57, eddyed said:

How can one find out why a share suddenly goes closing only??

Hi @eddyed& @Kowal

There are many reasons that can result in a stock going on closings only. It also depends on the type of account you trade in. On leverage accounts, this can be due to the company's market cap changing or other restrictions enforcing IG to offer this on share dealing only. For non-leverage accounts, it can be due to a corporate actions event, market going OTC, etc. 

For THG.L, this market is now only offered on share dealing accounts as we have reached our limit on how much we can hold in the market for leverage accounts. It is a business decision and this is reviewed regularly. Therefore you will be able to trade the stocks on a later stage.

The best option would be to contact our helpdesk or using this platform to find the reason for the 'Closings only' status. 

All the best, OfentseIG