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S&P 500


Guest Mircea

Question

Guest Mircea

I was looking to buy into the S&P 500 index. But when I search "S&P500" in the IG platfrom I get the "US500" index. Comparing the prices I conclude that the US500 and the S&P500 are the same index. But why did IG change the name of the index? And lastly I am unable to buy or sale in this index. I get a red cross saying "data only". Please help.

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S&P is actually a registered trademark, and therefore we use the term US500. 

When it comes to the 'data only' notification, that is probably because you are on a share dealing account which you can only use to trade stocks, ETFs and other equities. You would need to open a leverage account (which you can do on MyIG) to trade US500. 

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