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JamesIG

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Blog Entries posted by JamesIG

  1. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 07 Jan 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 

    NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a 
    cash neutral adjustment on your account. Special Divs are highlighted in orange.
     
    Special dividends this week
    Index
    Bloomberg Code
    Effective Date
    Summary
    Dividend Amount
    UKX
    BHP LN
    10.01.19
    Special Div
    1.02
    UKX
    IHG LN
    14.01.19
    Special Div
    2.621
    AS51
    BHP AU
    10.01.19
    Special Div
    145.7143
    TOP40
    BHP SJ
    09.01.19
    Special Div
    102
    RTY
    GBCI US
    07.01.19
    Special Div
    30
    RTY
    ETH US
    09.01.19
    Special Div
    100
    RTY
    BKE US
    10.01.19
    Special Div
    100
    RTY
    AJX US
    14.01.19
    Special Div
    5
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  2. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 9th July 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 

    NB: Special Divs are highlighted in orange 
    Special Dividends
    No special dividends this week.
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  3. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 1 Oct 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 

    NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a 
    cash neutral adjustment on your account. Special Divs are highlighted in orange.
    Special dividends 
    You can see the special dividends listed below. Unfortunately we do not have granular insight on the effect on the index for the index in question, however the below maybe helpful for some. Please note the dates below are the stock adjustments in the underlying individual instrument, whilst the index div adjustments are taken out the day before on the IG platform at the cash close.
    Index
    Bloomberg Code
    Effective Date
     Amount
     
    UKX
    BDEV LN
    11/10/2018
    17.3
    AS51
    ASL AU
    03/10/2018
    2.8571
    RTY
    KRNY US
    02/10/2018
    16
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    How do dividend adjustments work? 
      This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  4. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 11th June 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 

    NB: Special Divs are highlighted in orange 
    Special Dividends
    You can see the special dividends listed below. Unfortunately we do not have granular insight on the effect on the index for the index in question, however the below maybe helpful for some. Please note the dates below are the stock adjustments in the underlying, whilst the index div adjustments are taken out the day before on the IG platform at the cash close.
    Index: NIFTY
    Effective: 14/06/18
    Summary: Special Div of 1000
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
     
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
     
  5. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 13 Aug 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 


    NB: Special Divs are highlighted in orange 
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  6. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 16th July 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 


    NB: Special Divs are highlighted in orange 
    Special Dividends
    No special divs this week.
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  7. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 17 Sep 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 

    NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a 
    cash neutral adjustment on your account. Special Divs are highlighted in orange.
    Special dividends 
    You can see the special dividends listed below. Unfortunately we do not have granular insight on the effect on the index for the index in question, however the below maybe helpful for some. Please note the dates below are the stock adjustments in the underlying individual instrument, whilst the index div adjustments are taken out the day before on the IG platform at the cash close.
    Index   Bloomberg Code Effective Date Dividend Amount AS51   QUB AU 18/09/2018 28.571 TOP40   OMU SJ 19/09/2018 100 AS51     SPK AU 20/09/2018 19.375 XIN9I   601857 CH 21/09/2018 2.22 HIS   27 HK 21/09/2018 50 AEX   RAND NA 24/09/2018 69 How do dividend adjustments work?
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  8. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 18th June 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 

    NB: Special Divs are highlighted in orange 
    Special Dividends
    No special dividends expected this week. 
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  9. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 21 Oct 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 

     
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
     
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  10. JamesIG
    Expected index adjustments
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 22nd July 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  

    NB: All dividend adjustments are forecasts and therefore speculative.
    A dividend adjustment is a cash neutral adjustment on your account.
    Figures  and adjustment dates can be affected by public holidays. Special Divs are highlighted in red.

    How do dividend adjustments work?
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  11. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 23rd July 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 


    NB: Special Divs are highlighted in orange 
    Special Dividends
    Index
    Bloomberg Code
    Effective Date
    Summary
    Dividend Amount
    HSI
    151 HK
    27/07/2018
    Special Div
    1.25
    STI
    KEP SP
    25/07/2018
    Special Div
    5
    SIMSCI
    KEP SP
    25/07/2018
    Special Div
    5
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  12. JamesIG
    Expected index adjustments
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 24th June 2019. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.  

    NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a 
    cash neutral adjustment on your account. Special Divs are highlighted in orange.
     
    Special Dividends         Index Bloomberg Code Effective Date Summary Dividend Amount AS51 BWP AU 27/06/2019 Special Div 1.56 ESTIMATE TOP40 TBS SJ 26/06/2019 Special Div 30600 How do dividend adjustments work?
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.  
  13. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing the 25th of June 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 

    NB: Special Divs are highlighted in orange 
    Special Dividends
    No special dividends expected this week. 

    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  14. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 29 Oct 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video.     

    NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a 
    cash neutral adjustment on your account. Special Divs are highlighted in orange.
     
    Special dividends this week
    You can see the special dividends listed below. Unfortunately we do not have granular insight on the effect on the index for the index in question, however the below maybe helpful for some. 
    Index Bloomberg Code Effective Date Summary Dividend Amount AS51 IAG AU 31/10/2018 Special Div 7.8571 IBEX ITX SM 31/10/2018 Special Div 21 SX5E ITX SM 31/10/2018 Special Div 21 RTY COLB US 06/11/2018 Special Div 14 RTY HFWA US 06/11/2018 Special Div 10 How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is affected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  15. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 30 July 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 


    NB: Special Divs are highlighted in orange 
    Special Dividends
    Index Bloomberg Code Effective Date Summary Dividend Amount RUSSELL MC US 01/08/2018 Special Div 1.5 RUSSELL JBSS US 02/08/2018 Special Div 2 RUSSELL UFCS US 02/08/2018 Special Div 3 As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.How do dividend adjustments work? 
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

  16. JamesIG
    Expected index adjustments 
    Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 6 Aug 2018. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect  your positions, please take a look at the video. 


    NB: Special Divs are highlighted in orange 
    How do dividend adjustments work? 
    As you know, constituent stocks of an index will periodically pay dividends to shareholders. When they do, the overall value of the index is effected, causing it to drop by a certain amount. Each week, we receive the forecast for the number of points any index is due to drop by, and we publish this for you. As dividends are scheduled, public events, it is important to remember that leveraged index traders can neither profit nor lose from such price movements.
    This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  17. JamesIG
    Set stops and limits on charts: click, drag and drop
    You can now use a 'drag and drop' functionality to set the stops and limits on your chart before you have placed a trade. This is available for anyone who has 'Position Preview' enabled. If you don't have this turned on, simply right click on your charts and make sure 'Position Preview' is ticked.
    When you are setting you trade and you have selected 'Buy' or 'Sell' you will see the 'Stop/Limit' option appear. Hover over the horizontal line and left click, hold down, and drag to create an absolute stop or limit level.

    To set the stop or limit simply release the left mouse button. The platform will know if this is a stop or a limit automatically depending on which way you drag your cursor. You should notice that the stop and/or limit will be an absolute figure, and whilst the 'points away' in the deal ticket will change and react accordingly, the stop/limit level on that chart will remain absolute. 
    As with other stops and limits, you can move this at a later date if you wish. 
     
    HLOC % Change 
    We have also added a further row to HLOC data to share % Change. To bring up HLOC data requires a right click, followed by Show > HLOC Data. Once selected hovering over the chart candlesticks should bring up the required information. 
     
    Video example 
    You can see both of these features in the video below. Notice how when the stop and limit has been dragged to the appropriate level, the level itself remains absolute whilst the stop and limit 'Points Away' in the deal ticket moves with the market. 
    stopslimitscharts.webm
  18. JamesIG
    A sharp decline in oil prices has caused a lower Asian equity market session as energy sector is hit. Netflix share tumble 14% late last night in after hours trading on poor quarterly results, helping to pull down the S&P futures. The IMF has warned that tariffs imposed by the White House could initiate a $440bn knock to global growth and coined it the “greatest near term threat to global growth". Yesterday BoA beat earning expectations, Deutsche Bank share jumped in surprise profits forecast, and BlackRock profits up as well. Could this be a barometer for other banks earnings and a possible trade idea over earning season? Global regulators have started to lay the foundations to start monitoring crypto assets. BlackRock, the largest asset manager in the world with $6.3 trillion in AUM, also announced a plan to build a crypto unit. Crypto markets rose sharply on the news. Asian overnight: Asian markets largely traded in the red in the wake of a sharp deterioration in energy prices, with Japanese indices the only positive movers as they play catch up in the wake of yesterday’s bank holiday. Data wise, we saw the release of a weaker than expected inflation print from New Zealand, falling to 0.4% from 0.5%. Meanwhile, RBA minutes pointed towards a continued expectation that the next move will be a rate rise, although this remains some way off yet.
    UK, US and Europe: US corporate earnings have taken the mantle in terms of being at the forefront of driving short term market sentiment. Yesterday a softer results release from Netflix saw the tech sector weaker and in turn the Nasdaq leading declines amongst the major US indices. Oil prices have come under enormous pressure overnight as suggestions that the US may waiver some sanctions on Iran oil. Looking ahead, a whole host of employment related data points from the UK brings the pound into focus. The dominant figure to look out of comes in the form of the average earnings number, with BoE’s Cunliffe specifically singling out the possible undershooting of wages as a reason to hold off on an August rate hike. Also keep an eye out for the US industrial production figure and an appearance from Fed governor Powell who is due to testify on monetary policy before the Senate Banking Committee.
    South Africa:  The dollar has lost a bit of strength and in turn the rand has gained marginally this morning. BHP Billiton is down 1.69% in Australia suggestive of a softer start for diversified resources. Tencent Holdings is 1.3% lower in Asia suggestive of a similar start for major holding company Naspers. 
    Earning season look ahead: Earning season continues with Royal Mail and TalkTalk putting out quarterlies today, along with Johnson and Johnson, Progressive, and Fidelity. Don't forget Morgan Stanley, American Express, Hochschild Mining, RPC Group and Severn Trent look to publish on Wednesday, and there may be some trade potential there give the results from banks yesterday.
    Economic calendar - key events and forecast (times in BST)
    9.30am – UK employment data: May unemployment rate to rise to 4.3% from 4.2%, June claimant count to be 11K from -7.7K, and May average earnings to rise 2.7% from 2.5% (including bonus). Markets to watch: GBP crosses.
     
    Source: Daily FX Economic Calendar
    Corporate News, Upgrades and Downgrades
    Rio Tinto produced 88.5 million tonnes of iron ore in the second quarter, representing a 14% rise compared with the same quarter in 2017. Improved weather and productivity throughout its Pilbara iron ore operations in Western Australia were most notable amongst reasons for this shift. 2018 shipments are expected to be towards to top end of its 330-340 million tonnes guidance. Royal Mail traded in line with expectations, with a decline in addressed letter business (down 7%) and marketing mail over the three months to June 24 vs the same time last year. CashBuild Revenue for the fourth quarter for the Cashbuild Group was up 4% on the fourth quarter of the prior financial year, with the 42 new stores opened or acquired since 1 July 2016 contributing 5% of the increase, whilst the 276 existing stores decreased by 1%. The growth for the fourth quarter together with the growth of the previous quarters, equates to an increase in revenue for the Cashbuild Group of 5% for the financial year, with new stores contributing 5% of the increase and existing stores remaining at similar levels. Asos Upgraded to Buy at Goldman
    Morgan Advanced Raised to Overweight at JPMorgan
    Deutsche Bank Upgraded to Hold at Commerzbank
    Michelin Upgraded to Buy at HSBC
    Investec maintain buy rating on Naspers (SA) with a target price of 440000c 
    Investec maintain buy rating on Tencent with a target price of HK$530
    Adidas Downgraded to Market Perform at Wells Fargo
    Brunello Cucinelli Downgraded to Neutral at Goldman
    Featured Video from IGTV
    Dick Bove, veteran banks analyst and chief strategist at Hilton Capital Management, tells IGTV that Citigroup is most at risk from the US-Sino trade tensions. Bank of America (BoA) is his top pick in the sector, praising CEO Bryan Moynihan as ‘an expert CEO’. Bove says he can see the stock rising to $60. Meanwhile, he says JPMorgan’s numbers were ‘superb’ while Wells Fargo was ‘very disappointing.’ However if we enter into a recession, he says ‘all bets are off’.
    Please note: This information has been prpared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  19. JamesIG
    Fed raised rates as expected last night, and sees more hikes likely this year. Trade war tensions between US and China continue. Trump to meet top trade advisors today. Surprisingly weak data out from China regarding retail sales. South African rand hits a 6 month low whilst the Mexican peso continues to fall to a 16 month low. Oil largely unchanged, but larger than expected decline in US inventories, and an unexpected drawdown in gasoline. ECB rate decision later today. Keep an eye on euro crosses from midday. Related video below. UK, US and Europe: A hawkish Fed meeting yesterday has led to a downbeat session overnight, with much of Asia and Australasia trading in the red as a result. The 25 basis point hike was widely expected, yet it was the shift in the dot plot which signalled that we are now looking at a likely four rate rises in 2018, rather than three. Trade war tensions have however weighed on the dollar overnight, despite the hawkish guidance from the Fed. On the macroeconomic data front, Australian jobs data saw a sharp drop in unemployment (5.4% from 5.6%), although the employment change figure fell to 12,000 from 18,300. In China, the fixed asset investment, industrial production, and retail sales figures all disappointed, with a rise in foreign direct investment providing the only bright element of this data deluge.

    Looking ahead, European markets will no doubt be looking towards the ECB for guidance, with market expectations shifting towards an increased likeliness that the committee will lay out a pathway to the end of QE. Also watch for UK retail sales in the morning, and US retail sales in the afternoon.
    South Africa: The weaker US dollar has aided some gains in precious metal prices while the rand is clawing back some of its recent losses against the greenback. The stronger rand is expected help financial counters stem their recent currency related losses. BHP Billiton is up 0.4% in Australia, while Tencent Holdings is trading 1.2% lower in Asia. Naspers, a major holding company of Tencent, is expected to trade weaker in line with its Asian counterpart perhaps extending losses with the stronger rand. 
     
    Economic calendar - key events and forecast (times in BST)

    Source: Daily FX Economic Calendar
    Featured video: Is the ECB near the end of easy money?
    Corporate News, Upgrades and Downgrades
    Rolls Royce has confirmed that it will undertake ‘fundamental restructuring’, cutting 4600 jobs and aiming to save £400 million a year. Further details will come at tomorrow’s capital markets event.   Rathbones has completed the acquisition of Speirs & Jeffrey, Scotland’s largest independent wealth manager, and it will raise £60 million to help finance the deal.  PZ Cussons said that trading in the first half of the year had been constrained by weakness in the UK and Nigeria, and that conditions in Nigeria and Indonesia will mean the second half will remain challenging as well.   Volkswagen have been hit by a 1 billion euro fine over the emissions cheating scandal.  Comcast have topped Disney with a $65bn bid for 21st Century Fox which is an offer of $35 a share in a full cash bid. This represents an increase of 19% over Disney's share bid. Banco Santander upgraded to buy at HSBC
    Verbund upgraded to hold at HSBC
    Oxford Instruments upgraded to buy at Berenberg
    Tele2 upgraded to overweight at Morgan Stanley
    (SA) Investec upgrades Sibanye to buy with a target price of 1600c
    (SA) Investec maintain buy recommendation on BHP Billiton with a target price of 26900c
    Acciona downgraded to neutral at Goldman
    Grifols cut to neutral at JPMorgan
    Orion downgraded to underperform at Jefferies
    Pearson downgraded to underweight at Barclays
    Please note: This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  20. JamesIG
    The ECB announced the end of QE with plans to half asset purchases starting in September. ECB interest rates left unchanged, but hints at "the summer of 2019" for a change. Euro slides. Trump plans to impose $50bn in tariffs on China, met with a pledge of retaliation.  BoJ to keep stimulus unchanged. Brent continued declines as Saudi Arabia and Russia hint that production figures could rise. Unilevel is "extremely unlikely" to remain in the FTSE after it's planned move to Rotterdam. Netflix share price at record high, doubling in value over the last 6 months. UK, US and Europe: Asian markets were down across the board overnight, as the expected US imposition of $50 billion worth of sanctions on Chinese goods stoked fears of an impending trade war. With the possible breakdown of US trade relations with China, alongside a host of G7 allies as seen earlier in the week, it comes as no surprise that we are seeing risk-off sentiment take hold as we move towards the end of the week. The dollar has gained against a broad basket of currencies, while the Euro has weakened considerably following yesterdays dovish ECB press conference. Meanwhile, the BoJ has finished off a week of major central bank announcements, with the widely expected decision to keep their stimulus unchanged.

    Looking ahead, a final eurozone CPI reading has the potential to grab headlines in the morning, with the recent sharp rebound clearly having an influence on ECB thinking. The US session sees a focus on tier two releases such as the Empire state manufacturing survey, industrial production, and the Michigan consumer sentiment number.
    South Africa: The rand has renewed weakness which is expected to weigh on locally listed financial and retail counters, whilst perhaps aiding gains on rand hedge industrial counters. Tencent Holdings is up 0.5% in Asia suggestive of a positive start for major holding company Naspers. BHP Billiton has added 0.5% in Australia suggestive of a slightly positive start for diversified resource counters. 
    Economic calendar - key events and forecast (times in BST)

    Source: Daily FX Economic Calendar
    Featured video: History of the US Dollar
    Corporate News, Upgrades and Downgrades
    Tesco Q1 sales rose 1.8% on a like-for-like basis, and were up 2.3% overall. Like-for-like sales rose 14.3% at the newly-acquired Booker.   Rolls-Royce said that the job cuts announced yesterday would cost £500 million in redundancies and system investments. It said that it remained well-placed to exceed free cash flow of £1 billion by 2020, with a mid-term target of free cash flow per share to exceed £1.  Glencore has agreed to settle a dispute with its former partner in the Democratic Republic of Congo, who had been seeking $3 billion in damages for unpaid royalties.   Carrefour upgraded to neutral at Credit Suisse
    InterContinental raised to neutral at JPMorgan
    SGL upgraded to hold at Kepler Cheuvreux
    Umicore upgraded to buy at Berenberg
    Bossard downgraded to sell at Research Partners
    OHL downgraded to hold at Bankinter Securities
    Campari downgraded to neutral at Citi
    IAG downgraded to neutral at MainFirst
    Please note: This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  21. JamesIG
    Geo-political troubles in Turkey push the lira lower, whilst selling in EM currencies spreads to South African rand and Argentine peso.  Asian stocks fall further.  Euro slips as the usual safe haven yen, the Swiss franc, and the dollar bid up. Cryptocurrencies mixed in the aftermath of the ETF rejection by the SEC.  Asian overnight: Asian markets exhibited a clear risk-off mood, with the fallout from the recent Turkish and Russian led selloff continuing to impact on market sentiment. Emerging market currencies have been under immense pressure last week and over the weekend led by declines in the Turkish lira. The major factors affecting Turkey and its currency (the Lira) are the economic sanctioning war it has entered into with the US as well as questionable economic policy which is said to not address the rampant inflation within the region. Turkish President Erdogan has battled against the recent selloff, stating that it was a foreign ‘operation’ against the country. With the ruble also selling off amid US sanctions, there is a clear rise in market worries over the developing markets.
    UK, US and Europe: Looking ahead, we have distinct lack of economic releases to drive price action. We also see a slowdown in the earnings calendar, with few notable companies releasing their data throughout the week. With that in mind, watch for ongoings in Turkey as markets continue to react to the potential further decline in the Lira and the fallout for Turkish companies.
    South Africa: The rand has followed other EM currency markets to trade at its worst levels against the dollar since November 2017. Global equity markets remain under short term pressure suggestive of a soft start on the Jse today. Tencent Holdings is down 2.3% in Asia which should see major holding company Naspers following suit, although the weaker rand might buffer some of these losses. BHP Billiton is down 1.39% in Australia, suggestive of a softer start for locally listed diversified resource counters. Local banking and retail counters are expected to be weaker on open today on account of the softer rand.  
    Economic calendar - key events and forecast (times in BST)

    Source: Daily FX Economic Calendar
    Corporate News, Upgrades and Downgrades
    Chemring has said that profits will be £20 million lower than forecast due to an explosion at one of its flare factories. A knock-on effect in cash flow and net debt is expected as well.  Clarkson reported that pre-tax profit dropped 18% to £18 million for the first half, while revenue dropped to £152.6 million from £156.8 million. Depressed levels of sale and purchase activity, reduced rates in the tanker market and a falling US dollar were blamed. However, the firm said it was encouraged by the recent strengthening of the dollar, which suggest improvement in the second half.  BAE upgraded to overweight at Morgan Stanley
    Wilh Wilhelmsen raised to hold at Danske Bank Markets
    Commerzbank upgraded to hold at Berenberg
    BBVA downgraded to reduce at Kepler Cheuvreux
    Bayer downgraded to neutral at MainFirst
    Circassia downgraded to hold at Stifel
    Meggitt downgraded to equal-weight at Barclay

    Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  22. JamesIG
    The Asian market index futures boards are seeing a sea of red on the back of continued EM anxieties. Dollar seeing pressure as European peers are bid up. Tesla stock slips as investor worries deepen, whilst the Tesla bond hits a record low. Uber on track for an IPO in 2019, however there are no plans to sell it's tech unit according to CEO. Goldman have dropped bitcoin trading plans for now according to reports. Crypto space crashes.  Gold seeing an increase in physical demand, whilst also helped by dollar weakness. Asian overnight: Emerging market concerns continued to weigh on markets overnight, while the bruising handed out to US tech stocks also bore down on bullish sentiment. Tokyo, Hong Kong and Australia all fell, but there was one bright spot as the CSI 300 rose 0.4%. Keep an eye on UK utilities as Ofgem proposes an energy price cap that is the biggest intervention in the UK energy market since privatisation in the 1980s.
    UK, US and Europe: US ADP numbers (delayed by a day due to the Labor Day holiday) and the ISM non-manufacturing number will be the main events today, ahead of non-farm payrolls tomorrow. Emerging market jitters will be watched closely, as will the ongoing strength in the US dollar.
    Economic calendar - key events and forecast (times in BST)

    Source: Daily FX Economic Calendar
    1.15pm – US ADP report (August): 187K jobs expected to have been created, from 219K a month earlier. Markets to watch: US indices, USD crosses
    3pm – US ISM non-mfg PMI (August): forecast to rise to 56 from 55.7. Markets to watch: US indices, USD crosses
    4pm – US EIA crude inventories: forecast to rise to -0.88M from -2.6M. Markets to watch: WTI and Brent
    Corporate News, Upgrades and Downgrades
    Dixons Carphone reported flat like-for-like revenues in Q1, hit by difficulties in mobile phones, although consumer electronics were boosted by World Cup demand. Full-year pre-tax profit guidance was maintained at £300 million.   McCarthy & Stone has reduced its full-year operating profit forecast, due to weaker consumer spending and economic uncertainty. The firm now expects full year operating profit of £65-73 million, from the previous estimate of £65-80 million.  Melrose said that it suffered an operating loss of £256 million for the first half, down from a profit of £58 million. Trading for the second half so far remains in line with expectations.  BNP Paribas Upgraded to Hold at Berenberg
    KAZ Minerals Upgraded to Equal-weight at Morgan Stanley
    Enel Upgraded to Buy at Goldman
    Scor Downgraded to Hold at SocGen
    Bodycote Downgraded to Hold at Liberum
    IMI Downgraded to Sell at Liberum
    IGTV featured video
     
    Information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary. 
  23. JamesIG
    Please be aware that due to year end market factors we are seeing significant moves in the funding rates for most FX pairs. This has been observed across the market, although some pairs are looking to be worse affected than others (most notably if you are short US dollars). These factors include financial institutions balancing their books before the end of the year, putting a strain on certain currencies.
    You can see overnight funding charges on FX pairs by using the link to the right. This is currently only available in desktop/web trading platform for leverage accounts.
    What does this mean for you
    Funding rates for FX pairs can be extremely volatile, resulting in your daily funding adjustments being much higher than normal. To the best of our knowledge this will affect JPY crosses held past 10pm on the 26th December, CAD crosses and USDTRY positions held past 10pm on the 28th December, and most other pairs including gold and silver held past 10pm on the 27th December. 
    As an example, for a normal 2-day roll charge on EURUSD you would receive 1.7pts for a short position and pay 1.79pts for a long position (+/- IG’s admin charge). Current rates are indicating receiving/paying 6 times these amounts should you hold your positions through year end snapshot dates, but these rates can change. 
    All things being equal, the FX tradeable price should adjust to reflect these rates but this is out of our control. 
    Where can I see expected overnight funding rates on FX positions?
    The funding rates shown on the platform are indicative and subject to change. 'Swap Bid' / 'Swap Offer' rates as shown below can be toggled on/off and show the expected rate for that day. I.e, to view what the expected rates you'll pay or receive on a currency pair at 10pm (GMT) would require you to check the specific currency row at any point on that same day (prior to 10pm). You can read more about that here.

  24. JamesIG
    New ESMA regulations coming into force for the EU region are set to standardise the way margin close out rules work for retail traders. On the IG trading platform the new margin close-out rules will come into effect from 1pm on Monday 30 July. Please find an overview of the new regulation and how this may effect your account. We've included a useful video and a worked example which may also help. 
    Please remember that these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. Please add any query, question, or request for clarification in the comments box.
     
    What is the new ESMA margin close out rule?
    Put simply, for all ESMA regions we will need to include running losses for limited risk positions when looking at the equity calculation. Let's look at a worked example. 
    Say you have £1200 cash on your IG account.  You place a FTSE trade with a guaranteed stop and it requires a margin of £1000.  If the market moves against you £200's worth you would then start to eat into your margin. If the market continues to move against you by a further £500 (i.e. 50% of the margin required to open your trade) your position would be closed. This is because 50% of your margin was used up, and your equity value was therefore £500 (half of the margin).  The new ESMA rules require us to close the position.  You would be left with £500 in your account.  Please remember if the market gaps over this level then there is no guarantee to close your trade at this exact 50% level. There is a 'negative balance protection' rule which will be in place from July 28th, however this applies to the account as a whole. There are a couple of other important things to note
    We will not be implementing 24 hour or weekend close out rules for ESMA retail clients.  This change will be made on  July 30 from 1pm and will be apply on an account level (both existing and new positions). You can still use running profits to cover margin on new positions. Positions which have guaranteed stops will be margined at the higher value; max risk on the trade or the underlying market margin rate.   
    What does this mean for me?
    "I currently have a limited risk account" - If you currently have a limited risk account (i.e. every time you open a new trade you have to have a guaranteed stop attached to your trade) then you may be at risk of having your positions closed out automatically. This will be the first time that previously 'limited risk' accounts could get closed out automatically. 
    "I currently have a regular account" - If you currently have a regular account (i.e. you don't need to apply a guaranteed stop to every position, however it is an option if you wish) then you may be at risk of having your positions closed due to the above change in close out rules. When we calculate account equity today, we do not currently include running losses on positions with guaranteed stops. Under the new ESMA requirements, such positions will need to include running losses as part of the deposit ratio calculation. This means that your positions will be closed out when your cash, including all profit and loss, reaches 50% of your margin requirement.
     
    What is 'margin'? 
    In trading, margin is the funds required to open and maintain a leveraged position. You can read more about margin via our glossary definition of what margin means on the IG platform. You can also have a once over of the below video. 
     
    If you have any queries or questions regarding the new ESMA regulations please add a comment below.
    Once again, please remember that these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. Please add any query, question, or request for clarification below.
    You may also find the following links useful.
    Compare our leverage offering Professional trading Best
    James
  25. JamesIG
    Trade war continues with EU initiating retaliatory tariffs from tomorrow. 25% will be levied against products from whiskey to jeans and motorbikes. GBPUSD hits 7 month low on fears May will be ousted as PM over Brexit. FTSE index buoyed by a depreciated Sterling.  Disney ups the bid to eclipse Comcast’s $35 a share cash offer for Fox with a $71bn deal, about $38 a share. Trump crumbles to international pressure and signs an executive order stopping the separation of immigrant children from their families. Goldman Sachs looks to expand bitcoin involvement according to COO in a Bloomberg interview. Asian Overnight: Another mixed session in Asia saw Chinese stocks steady themselves after yesterday’s losses despite continued fears over a trade war with the US. Crude remains at the forefront of the market agenda, with weekly US crude inventories falling by the highest amount since January. Meanwhile, a weaker New Zealand GDP figure sent NZDUSD lower overnight.

    UK, US and Europe: Looking ahead, the BoE rate decision is certainly the main event of the morning session, while the SNB monetary policy announcement will also grab some headlines. Look out for FTSE / Sterling correlation. The weaker the Queens pound, the higher the overseas earnings are for companies when they convert back into pounds. The BoE announcement is likely to cause some GBP volatility so make the appropriate risk management alterations to combat this. US Philly Fed manufacturing index, and unemployment claims round off the day in the US.
    South Africa: The US Dollar has strengthened to weigh on commodity prices, in particular that of precious metals. The rand has resumed weakness as a result and we expect financial counters to bear the brunt of initial weakness. BHP Billiton is trading 0.5% higher in Australia which combined with a softer rand could help local diversified resources find a bid this morning. Tencent Holdings is down 2.5% on the Hang Seng, suggestive of a soft start for major holding company Naspers. 
    Economic calendar - key events and forecast (times in BST)

    12pm – BoE interest rate decision: no change in rates expected, but watch for any changes in the voting pattern from the last vote which was 7/9 in favour of leaving rates unchanged. Market to watch: GBP crosses

    1.30pm – US Philadelphia Index (June), initial jobless claims (w/e 16 June): Philly Fed index expected to fall to 28 from 34.4, initial jobless claims expected to rise to 223K from 218K. Markets to watch: US indices, USD crosses

    9.30pm – Fed publishes bank stress test results: the US central bank will issue the results of these tests, so bank and other financial stocks will be in focus. Market to watch: US bank stocks
    Source: Daily FX Economic Calendar
    Featured video: What is scalping?
    Corporate News, Upgrades and Downgrades
    Dixons Carphone said that pre-tax profit for the full year was down 23.6%, to £382 million, while like-for-like revenue rose 4%. Slower growth in the UK and Ireland was blamed for the weaker performance.  Saga traded in line with forecasts in the four months to 31 May 2018. Saga-branded retail insurance policies were up 1% year-on-year.  Lloyd’s Banking Group announce hundreds of job cuts yesterday citing a change in customer behaviour. Tesla files lawsuit against Martin Tripp, the former employee who allegedly orchestrated a hack and data breach of Tesla operating software. Essity upgraded to overweight at Morgan Stanley
    Nornickel GDRs upgraded to buy at Citi
    Peab upgraded to hold at DNB Markets
    Rio Tinto upgraded to buy at HSBC
    Euronext downgraded to equal-weight at Barclays
    Hypoport downgraded to neutral at Oddo BHF
    Veolia downgraded to hold at Jefferies
    Virgin Money cut to neutral at JPMorgan
    Please note: This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

CFD accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd and share dealing and stocks and shares ISA accounts provided by IG Trading and Investments Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957), IG Index Ltd (a company registered in England and Wales under number 01190902) and IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Index Ltd (Register number 114059) and IG Trading and Investments Ltd (Register number 944492) are authorised and regulated by the Financial Conduct Authority.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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