- 0
Message when changing Stop value - "Unable to process, contingent order in process"
Asked by
philipellis,
-
-
Posts
-
By NeverSummer · Posted
I am also new to this platform. I also have a question related to spread betting for UK tax. IG always specifically mention spread betting is exempt from capital gain tax and stamp duty but never mention income tax. Does anyone know for sure if the profits and losses in spread betting need to be reported as income? If so, should it be the net P&L for positions that are closed within the tax year? -
By tradinglounge · Posted
Understanding the Repo Market: A Simple Guide Imagine you have a valuable watch, but you need some quick cash to pay for a surprise expense. You go to a pawnshop and offer your watch as collateral for a short-term loan. The pawnshop gives you the cash, and you agree to buy back your watch the next day, paying a little extra for the service. This is essentially how the repo market works in the financial world. What Is the Repo Market? The repo market (short for repurchase agreement market) is a crucial part of the financial system where banks and other financial institutions borrow and lend money to each other, usually overnight. They use high-quality securities, like government bonds, as collateral to secure these loans. How Does It Work? The Borrower (Seller): Needs cash for a short period. The Lender (Buyer): Has extra cash and wants to earn a small return with minimal risk. Collateral: High-quality assets like government securities are used to secure the loan. The Process: Step 1: The borrower sells securities to the lender and receives cash. Step 2: Both parties agree that the borrower will repurchase the same securities at a future date (often the next day) at a slightly higher price. Step 3: The difference in price represents the interest paid for the loan. Why Is the Repo Market Important? Liquidity Management: It allows financial institutions to manage their day-to-day cash needs efficiently. Low Risk: Using high-quality collateral reduces the risk for lenders. Interest Rates Influence: The repo market helps central banks implement monetary policy by influencing short-term interest rates. Economic Stability: A smooth repo market ensures that money flows effectively through the financial system, supporting lending and investment. Real-World Impact Banks and Businesses: They rely on the repo market to meet short-term funding needs, which helps them operate smoothly. Consumers: While not directly involved, consumers benefit from the stability and liquidity that the repo market provides to the overall economy. Central Banks: Institutions like the Federal Reserve use the repo market as a tool to control money supply and maintain financial stability. Key Takeaways Short-Term Borrowing: The repo market is all about short-term loans, often just overnight. Secured Loans: Loans are backed by high-quality collateral, reducing risk. Essential Function: It keeps the financial system liquid and stable, much like oil in a car engine. In Summary: The repo market is like a financial "pawnshop" for big institutions. It allows banks and other entities to quickly get cash by temporarily exchanging securities, ensuring that money keeps moving through the economy. Understanding the repo market helps explain how financial institutions manage liquidity and how central banks influence interest rates to maintain economic stability. Analyst Peter Mathers TradingLounge™ Source: tradinglounge.com -
By iamcryptic · Posted
I've been thinking about how gamers can easily advertise their creations, and what a platform designed for that would look like. This led me to do some research, and I found something interesting. During my search, Google brought up Cros, which is described as the world's most advanced in-game advertising platform. Cross allows advertisers to reach gamers through intrinsic in-game ads that enhance the experience, while also enabling developers to monetize their games without disrupting gameplay. One key aspect is the CROS token—central to Cross's economy. The token powers staking, payments, governance, and validation within the platform. Users can earn and trade CROS by participating in the ecosystem or get it pre-market on Bitget before live trading begins on the 23rd. What do you think of this innovation?
-
Question
philipellis
Hi
I had a spread bet on this morning and was adjusting the Stop value (which I've never had a problem with before) when I received the message in the attached file.
It was quite alarming as I was adjusting my exposure to a lower value. I was concerned that the new value had not become effective, and I would be at a higher risk, so I closed the bet off.
I thought it was a glitch, but it did it again with my next bet. I called the IG helpdesk but it wasn't clear to me what the agent was saying, apart from something to do with referring the bet to some internal IG team and hedging their position. She suggested that I could call during a live bet to speak to them about the bet but my concern with that is that I could have been stopped out before resolving the matter.
Given this happened on two successive bets, I was concerned it was something to do with my account, but the agent says that's not the case.
I'm now awaiting an explanatory email but thought I'd also ask the community. Can anyone explain this to me in simple terms?
Thanks.
Link to comment
3 answers to this question
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now