[GBP/EUR spike]

7 minutes ago, CharlotteIG said:

I just spoke with the desk and the price move was legitimate. We use 12 currency providers to provide the best bid and offer for clients. 

I wouldn't be able to comment on any other FX brokers pricing but that's how we price our FX markets. 

 

The was some volatility because UK PMI numbers were out at 9:30 GMT. 

Thank you Charlotte, 

I would still be interested to know where your prices come from please. If your pricing is legitimate, I just want to understanding/see the data used for IG to quote a price of over 1.192

thank you

[GBP/EUR spike]

Hello Charlotte,

Thank you for your response.

 As I am assuming you are an IG employee, I would be grateful if you could provide a list of your price providers, and if possible the price each one was quoting at the time. The movement seems strange based on the sites I have looked at.

This is not the first time I have experienced strange spike movements 

Does the IG platform use an automated algorithm to create its prices or is there human intervention?

thank you

[GBP/EUR spike]

Sorry, don’t know how to do a screen shot and put on the community, but I’m assuming the movement I am questioning would jump out at you if you don’t mind looking at a standard IG GPB/EUR chart for the last few hours. 
 

Thank you for taking an interest in my query, and for anything you can advise 

[GBP/EUR spike]

In the last hour or so had a GBP/EUR trade stopped out because the rate suddenly  spiked to circa 1.192, and then reversed almost instantaneously. I have looked at other currency sites to verify this, but can’t see any similar movement’s.
 

Can anyone recommend a way / independent site for me to verify this, or is something IG did to stop people out