[Rights issue - confused, concerned]

Thanks @TFFX_, think i got it.

If i had a long spreadbetting position of +100 on RR and decided to take up the rights, I would get (10/3)*100 = +333 at 32p and my original positions would remain in place too.

If I opt out, what does this mean? Do i get 333*(current_price-32)?

[Rights issue - confused, concerned]

I had three long positions in Rolls Royce and there has been a 'rights issue'.

Can someone please explain in plain simple English what this means.

I am very confused what happens to my long positions - I believe I have an option to 1. take up the rights, 2. do nothing and let rights lapse or 3. trade out of the rights.

I think this means that I can get more shares for each one that I hold? What then happens to my previous long positions, stops etc?

[Any system traders out there? (Preferably python but ill take what I can get!)]

Yep, I use ProRealTime and working on a python bot.

[Any system traders out there? (Preferably python but ill take what I can get!)]

On 15/04/2020 at 14:24, Bopperz said:

Hi,

Any system builders out there?

I'm currently running some python scripts using the IG API on a demo account. It would be good to know if anyone else working on something similar?

James

Yep, I use ProRealTime and working on a python bot.