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Closing only: Market unavailable to open

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Trying to buy on a spread bet but the it says above where I put the amount I want "Closing Only: Market Unavailable to open".  If you try to place deal there is the following message "You can only place an order to close on this market. For further details please call our helpdesk".  Can anyone explain this please

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On 06/06/2019 at 15:48, JamesWatson said:

The share I am looking at is Correvio Pharma Corporation

Just had a look at this one and can see the MCap is $85m which is unfortunately short of our 250m requirement for American equities (i.e. is is too illiquid and has a small market cap to offer on leverage trading accounts). 

You can however own this stock outright via a share dealing account. 

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2 minutes ago, JamesWatson said:

Trying to buy on a spread bet but the it says above where I put the amount I want "Closing Only: Market Unavailable to open".  If you try to place deal there is the following message "You can only place an order to close on this market. For further details please call our helpdesk".  Can anyone explain this please

Hi, it can be for a number of reasons, it may be that IG has reached max exposure as per their risk management or that the size of the company has reduced to under the IG min threshold and will take it off the platform once those holding positions have closed out. If you tell us the name of the company someone from IG may be able to provide more info. 

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13 minutes ago, Caseynotes said:

Hi, it can be for a number of reasons, it may be that IG has reached max exposure as per their risk management or that the size of the company has reduced to under the IG min threshold and will take it off the platform once those holding positions have closed out. If you tell us the name of the company someone from IG may be able to provide more info. 

The share I am looking at is Correvio Pharma Corporation

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Guest Jim

Seems to be broken on US stock market KO's as well.

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26 minutes ago, jimmyruan said:

Anyone knows what's with the German Bund, it says "Closing only: Market unavailable to open"?

To price undated commodities we need 2 liquid futures. With bonds, virtually 100% of the liquidity is in the front month contract. We don’t offer any other undated bonds, but in the past the back month of the Bund has had  enough liquidity to make offering an undated product viable.

This is no longer the case - therefore we can no longer price the undated reliably. The undated contract will remain online so long as clients have open positions and we have no plans to force people out.

We'll continue to offer the dated forward contracts (which you can see in the screenshot below). 

Any questions please ask.

All the best,

Ludwik

 

 

Bund.JPG

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