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Market Closure on IG


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I had a pretty weird event late last night. IG closed almost all major indices. When they came back live, the price rose dramatically like 2% plus in a few seconds. Was this closure due to IG rules or was the closure due to CME rules?

Very confused as it cost me a lot as it wiped out all my profits which were quite substantial and actually put my positions into loss. Just curious and would be grateful if someone could answer this question.

PS. Where do you think S&P 500 and FTSE indices will bottom out?  I bought a put option on the S&P500 with a strike price at 2000.

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Guest James

i HAVE a margin call which i want to settle asap -  The problem is that I have tried to call IG 4 times - very hard to get thru and when they did pick up after 15 mins  and I provided my credit card which was not a UK credit card it was rejected - they did indeed promise and promise to call me back - but NEVER DID - I think their customer service is totally arrogant appalling and non existent - I will seriously considering to close out my account  with IG  -

IG please LISTEN TO YOUR CUSTomers OR YOU WILL BE OUT OF BUSINESS and at least will stop growing ( if you are ?)    

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Rules in stock market are like chocolate socks,algorithams in stock market can seek and kill trades,had previous experience where expert i followed suggested 300 stop loss i went 600 then i decided not enough went farfar more and enormous drop in minuites and return to top wiped me out, you will learn in time markets are not best place to find fairness,and honesty ,your up against serious influncers ,inside traders, and misleading news items ,and some alledged experts who are nothing of the sort in a group who bull each other up to get tv time and sell books and courses.

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    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage:   Indices: 24-hr mkts show a recovery from Friday’s lows with Europe near to Friday’s cash mkt close. VIX partially retraces Friday’s 6-week high   FX: Flash PMI data released will revel effects of global Omicron effect. watching all the main crosses EURUSD GBPUSD USDJPY AUDUSD. Japan factory orders 4yr high. Watching USD ahead of Fed and CAD ahead of BoC both Wednesday Equities: Earnings today PHIA IBM SLB. Watching crypto proxys like COIN & ARB as Bitcoin hits 50% retracement from record high and Ether crashes support Commods: Gold consolidates at last week’s high. Oil waiting for direction. Heafty declines for Lumber     https://community.ig.com/igtv/
    • Lunar New Year begins on 1st February. We expect affected markets to be closed on the following dates:   We will offer out-of-hours pricing on index futures throughout the period. We do not presently offer out-of-hours pricing on the Malaysia 30 or the Hong Kong Tech Index (marked with *). Any amendments to the schedule will be shown below.   Please don't hesistate to contact client services should you have any questions.  All the best. Ludwik
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