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Auction Symbol


AbDXB1345

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Hi All

I am short LVMH, just noticed there is a red hammer alongside my trade and it says "Auction".

I am familiar with the orange phone that means we need to call IG to trade, but does anyone know what the Auction symbol means?

Thanks in advance!

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58 minutes ago, AbDXB1345 said:

Hi All

I am short LVMH, just noticed there is a red hammer alongside my trade and it says "Auction".

I am familiar with the orange phone that means we need to call IG to trade, but does anyone know what the Auction symbol means?

Thanks in advance!

Continuous trading was stopped briefly due to high volatility and the Auction process was used to restart the market.

https://www.sharesmagazine.co.uk/article/the-benefits-of-stock-auctions 

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