Advertisement
UK markets closed

  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.91
    -0.45 (-0.54%)
     

  • GOLD FUTURES

    2,332.30
    -9.80 (-0.42%)
     

  • DOW

    38,478.49
    -25.20 (-0.07%)
     

  • Bitcoin GBP

    51,453.21
    -1,874.46 (-3.51%)
     

  • CMC Crypto 200

    1,390.82
    -33.28 (-2.34%)
     

  • NASDAQ Composite

    15,718.74
    +22.10 (+0.14%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

IG Group restricts trading on GameStop and AMC due to 'extreme volatility'

Reuters
·1-min read

(Reuters) - Online trading platform IG Group Holdings Plc said on Saturday it will restrict any new positions on GameStop Corp and AMC Entertainment due to "extreme volatility" in the market.

"Due to extreme volatility, and to prioritise the service we give our existing clients, we are not allowing any new positions to be opened on the US stocks GameStop and AMC Entertainment," London-based IG said in a tweet https://twitter.com/IGcom/status/1355507435453243402.

"These restrictions will be reviewed regularly," it added.

The company is the latest trading platform announcing restrictions following a surge in volumes in recent days stemming from calls on social media by individual investors to trade stocks like GameStop and AMC that were being heavily shorted by hedge funds.

ADVERTISEMENT

On Friday, the U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds, warning brokerages and social-media traders it was on alert for any wrongdoing in this week's roller-coaster trade.

(Reporting by Aakriti Bhalla in Bengaluru; Editing by Mike Harrison)