Hi all,
Does anyone know how IG settles spread bet trades where an equity delists/ultimately files for administration? It's more obvious when you own shares (ultimately get wiped out), but when you short via spread bet there isn't a publicly available price, does IG settle it at zero? For example, McColl's delisted and is still listed at 0.0001 on IG (not tradeable) - is this the settlement price?
Thanks