Jump to content
  • 1

Closing only: Market unavailable to open

Question

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

Share this post


Link to post

6 answers to this question

Recommended Posts

  • 0
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. 

Share this post


Link to post
  • 0
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. 

Share this post


Link to post
  • 0
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

Share this post


Link to post
  • 0
Guest Jim

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

Share this post


Link to post
  • 0
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

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Member Statistics

    • Total Topics
      8,855
    • Total Posts
      48,558
    • Total Members
      61,460
    Newest Member
    SeanLew
    Joined 31/03/20 02:15
  • Posts

    • Dow's moving up this week  But it's got a long way to go before we see the highs we were earlier this year.  Was 22nd March the turning point for the bear?
    • Can anyone help me understand how the account value is calculated? For example on the below... I didn't pay £4,903.90 for the positions        
    • Hello friends, I have my account with IG to trade forex and now I was looking to buy some shares (American). Should I add ISA account OR Share dealing account ? what's the difference. IG Support team left this company on its own, NO answer from them, email/phone. Thanks,
×
×