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AndaIG

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Posts posted by AndaIG

  1. Hi @Crokit

    Thanks for reaching out, 

    This happens if you have added the card currency as something other than the base currency of your trading account. You should be able to remove the card then add it again using the correct card currency if this was done in error before. 

    All the best, 

    Anda

  2. Hi @CharlieB

    Just to add some context on the pricing. The IG undated contract, which is the screenshot you have above is an IG derived cash price for the underlying commodity. This is a synthetic price created by IG. We do this because a cash price does not exist in the underlying market. We price our undated contracts using two of the most liquid futures contracts(NYMEX Crude Oil futures). In between the expiry of the two futures contracts our price will move from the one with the nearest expiry towards the price of the one with the further expiry. The price will move up or down depending on whether the futures contracts are in contango (second contract with higher price than the first contract) or backwardation (second contract with a lower price than the first contract). As this is an IG derived price it maybe different from what you will see elsewhere because competitors could have a different method for calculating their cash price. 

    The IG futures contracts on the other-hand, currently May and June contracts are priced directly from the exchange, with IG spread wrapped around the exchange price. The futures charts are more comparable to competitors accounting for differences in spread. 

    I hope this helps. 

    All the best, 

     Anda

  3. FILE PHOTO - Monitors displaying the stock index prices and Japanese yen exchange rate against the U.S. dollar are seen at the Tokyo Stock Exchange in Tokyo

    SINGAPORE, March 18 (Reuters) - Stockmarkets took a breather on Friday after several days of sizeable gains, as geo-political tensions arising from the Ukraine conflict kept investors on guard going into the weekend.

    After a fourth straight day of talks between Russian and Ukrainian negotiators without tangible progress, earlier hopes for a peace deal have begun to wane and oil prices have begun climbing again. 

    Adding to the mix, U.S. President Joe Biden is expected to deliver a warning that Beijing will pay a price if it supports Russia's war effort when he speaks to China's President Xi Jinping in a call scheduled for 1300 GMT.

    Read more from: https://www.reuters.com/business/global-markets-wrapup-1pix-2022-03-18/

  4. Hi @Marteen

    The instrument is based on US Crude Oil. It is an undated contract, therefore the price is IG derived and aims to replicate the cash price of the underlying. You can learn more about these spot contracts from the following link:

    https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/why-is-overnight-funding-charged-and-how-is-it-calculated-

    https://www.ig.com/uk/commodities#undatedcommods

    All the best, 

    Anda

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