Original IG Remain/ leave BREXIT contract TERMS

[Guest Chrissyt]

Hi - I'm looking for the terms/ deal structure of the original "remain / leave" contract that was traded on IG during the summer of 2017. Could someone please send them to me? thanks 

[JamesIG]

That was just a binary trade which was priced between 0 and 100. If the statement turned out to be true the deal would settle at 100, whilst if it turned out to be false, the deal settled at 0.

For example, "The UK to to remain IN the EU" would have settled at zero. If you believed this was going to be true and you bought at 80 for £2, then the trade would have settled at zero and your loss would have been £160 (£2 x 80 points). 

[Guest Chrissyt]

5 minutes ago, JamesIG said:

That was just a binary trade which was priced between 0 and 100. If the statement turned out to be true the deal would settle at 100, whilst if it turned out to be false, the deal settled at 0.

For example, "The UK to to remain IN the EU" would have settled at zero. If you believed this was going to be true and you bought at 80 for £2, then the trade would have settled at zero and your loss would have been £160 (£2 x 80 points). 

Appreciate your response - thanks. 

Please could you email me the contract terms for that particular trade? Many thanks

[JamesIG]

Will do - I've made the request. We need to dig out contract notes from our Data Warehouse given this was a contract from 2016 and this should take a day or so given other priorities / requests. I'll forward on once I have received them to your registered email address.