All Markets Suspended and all Trading Halted

[studentofthechart]

In this event, if the entire system comes to a halt, does anyone have an idea

of how any open trades will be treated? Is there any precedent?

[dmedin]

FWIW I can offer you my prediction, which is that retail punters like us will be bent over a barrel and taken dry by the institutions. 

[studentofthechart]

Fingers firmly crossed that doesn't happen! Building some longer term positions currently

running losses and my fear is they are closed off and the markets re-open at 'fair value'..........

[CharlotteIG]

51 minutes ago, studentofthechart said:

In this event, if the entire system comes to a halt, does anyone have an idea

of how any open trades will be treated? Is there any precedent?

Hey, thanks for your post. 

This hasn't happened yet so I wouldn't be able to say what IG would do. But, with limit down/ up restrictions we've kept the positions open until the market reopened. 

If this were to happen we will inform clients of our actions. 

[dmedin]

5 minutes ago, CharlotteIG said:

If this were to happy we will inform clients of our actions. 

lol!  You will be told what to do by your superiors and anyone who resists will be 'detained' ...

Wake up people ... the stock market is moving in one direction only and it's a matter of time before it gets closed down ...

Edited March 18, 2020 by dmedin

[Hydra]

On 18/03/2020 at 22:38, CharlotteIG said:

But, with limit down/ up restrictions we've kept the positions open until the market reopened. 

 

can we edit our stops if markets are suspended?

Edited March 24, 2020 by Hydra