Ig Share Discussion Threads

[glavey] 06/2/2021 14:06

What are they buying in Tastytrade? Is it IT or is it order flow commissions?

[cfro] 06/2/2021 13:57

Their platforms seems to "go down" much more frequently now than before. We all know the real reason as to why that is of course - (it is to allow some breathing space to let their risk and hedging department to catch-up).

Problem is the markets have gotten more frenetic and speculation and market shennanigans more pronounced. Companies like IG must be finding it harder and harder to keep risk in the business at a minimum. I just wonder what will happen in the next market downturn. It will happen of course as cycles have to turn. The next bear market has a high probability of being a very bad one. How will IG fair? Personally i dont think very well.

[gbh2] 06/2/2021 08:06

Only Twice in 20 years have I been unable to log on to the IG Platform, a few times I've been unable to Trade a Share on Quote but I suspect that's more to do with the Market as it's always on the AIM.

As for running the Platform on two two different Laptops, I too have noticed the First Logs out when I sign on to the second.

But I assumed it's to do with pressure on their servers due to their recent increases in Trading volume and Trader numbers during Lockdown.

[gez] 06/2/2021 03:40

ironically, when I couldn’t log in to ig platform, tastytrade was working fine !

[chess123] 05/2/2021 11:01

I sold the majority of my holding at 750p, just think the price paid for Tasty is way to much, also with covid vaccine beginning to bring back some normality to trading the volumes will drop, as people start going back to work rather than working from home, were the share price will end up is difficult to call but I see below 700p coming as there is a lot of selling pressure, basically holders have lost faith in management..

[discodave45] 04/2/2021 11:35

Perhaps the reason why they lock out trades and their system crashes:HTTPS://financefeeds.com/revolt-b-book-traders-take-ig-court-brokerage-business-fully-embracess-multi-asset/

[kamitora] 03/2/2021 12:50

I used to keep IG spread bet open on my laptop and their ISA account on my desktop. Since last week they've stopped this and now you can only access one platform at once. I tend to break off workspaces into separate tabs/browser windows and swapping between platforms closes these, so it's already making me reconsider my provider choices.

Going to their demo accounts produces this error right now:

"Url='hxxps://router-ext-core/clientsecurity/session/tokens' with parameters='{}' thrown exception='java.lang.RuntimeException: Hystrix circuit short-circuited and is OPEN'"

and yes, clearly they are having to restrict the number of sessions people have open - presumably due to lack of technical capacity.

I noted that in their last RNS CMC "selects AWS to improve speed of product delivery", and I wonder where IG are in their IT infrastructure thinking, because where they are right now is a bit concerning for what is meant to be a listed, reputable and stable provider.

[onjohn] 02/2/2021 17:45

IG GROUP SUSPENDS OPENING OF NEW ACCOUNTS FOLLOWING PLATFORM PANDEMONIUM
FEBRUARY 2, 2021 10:43 AM UTC, ANDREW SAKS
IG Group has suspended all account opening for new clients following the chaos of Friday’s outage, demonstrating that the company’s b-book execution model is not able to cope with even minor stock trading volatility

[scorpio51] 01/2/2021 12:55

How about investing some of the billion dollars on upgrading the platform rather than on a ridiculous US acquisition. Now that would be just too sensible!!

[chess123] 01/2/2021 09:42

Just shows how easy the stockmarket can be manipulated, Fres up 200p like a lot of other miners rising fast because of reddit, pity they wouldn't buy IG , maybe post some B s see what happens.

[rmunro3] 31/1/2021 23:55

Increase margins to 100% by all means. I can cover no problem. We know why don't we. Fully cover your position or your position will be closed for you. We have friends who need the shares. But my trading choice to buy at any price is mine, Oh..... I can't buy? Why worry about clients who fully cover?. but You are pleased to announce we can certainly sell, fancy that. I wonder why?I wonder how trading is going to go tomorrow. Don't worry you're just as bad as Robinhood.Terrible

[hpcg] 31/1/2021 17:05

Most likely to get normal service if they turn the feed off for Gamestop and anything else that becomes a clown-car stock. it will turn in to a 'remember that time when ...' incident in about 2 months. Causing a few ripples in the volatility space now though, so very good for traders in the rest of the market, assuming they are any good of course.

[hpcg] 31/1/2021 17:05

Most likely to get normal service if they turn the feed off for Gamestop and anything else that becomes a clown-car stock. it will turn in to a 'remember that time when ...' incident in about 2 months. Causing a few ripples in the volatility space now though, so very good for traders in the rest of the market, assuming they are any good of course.

[davr0s] 31/1/2021 13:14

Agreed - the outages has messed up my trading 3days in a row now on the US open and I believe it is precisely the reason that IG has done what it has done

[allonblack] 31/1/2021 13:11

I just want normal service at 2.30 again

[davr0s] 31/1/2021 12:58

What's even funnier is that if you take a spread bet position you don't own anything so if you were able to bring a trading company down (and I don't think for one moment that IG is remotely at risk) it would be like shooting yourself in the foot as any paper profit you may have would become worthless

[davr0s] 31/1/2021 12:55

I've been trading for many years including with IG and what they have done is pretty common. If you look beyond the two shares in question they often make them unavailable, adjust margin or make them closing only - see it every day. What we are seeing are a lot of newbies piling into what they perceive as "free money" (if only it was that easy), not understanding the game they are getting into and not getting their way. I have no sympathy with shorting hedge funds but these restrictions are just part and parcel of trading

[whites123] 31/1/2021 12:01

IG.

Shambolic. By siding with shorts and allowing only closure of positions held has to be tested by the courts.

Hit them with lawsuits.

Criminal behaviour.

[sunshine today] 31/1/2021 10:37

Might be safer to stay away from GameStop,




LSAI 0.78P Mid

1/ Tiny market capitalisation, just £4.6M , of that , Net cash £1.2M.

2/ Analyst , two months ago , projected medium term, annual revenues of $50M .



3/ LSAI company presentations, 80% margins on verify software.
( Found on LSAI company, investor page.)

4/ Based on a reasonable growth PE of 20 , that would equate to LSAI having a Market capitalisation of over £500M. ( 100 times plus , current share price )

4/ £19M unused tax loss

5/ New report 2021, from LSAI client, (InMarket) , with annual $100 revenues ( 2nd from last paragraph)

We’re The First And Only Company To Offer Certified Location Audience Data: InMarket is the first
and only company in the industry to offer certified Location Audience data, third-party verified for data
accuracy and precision by the industry leader Location Sciences. Location Certified audiences build trust
and allow brands to buy with confidence, knowing an independent third-party review has assured the
precision and accuracy of the chosen audience.



2nd from last paragraph from the report.

5/ Finally: About Location Sciences Group PLC: (LSAI)

Location Sciences is the pre-eminent global location verification provider to the $160 billion digital advertising industry. Working in partnership with brands, media agencies and suppliers to reduce ad-wastage and improve the effectiveness of location-based advertising campaigns.

The digital advertising market-place remains unregulated and un-monitored, with an estimated $19 billion wasted on ad-fraud in 2018. Location Sciences has developed Verify, the world's first independent location verification product. Utilising sophisticated machine learning and pattern recognition technologies, Verify detects location ad-fraud and shines a light on location data inaccuracy with the aim of bringing back integrity, transparency and trust to the market place

[allonblack] 31/1/2021 10:24

In fairness to IG what else could it do? The main US brokers all limited trading in GME and then there was a huge stampede to IG as the big remaining player were trading was allowed. The influx was so big it was causing the online platform to struggle at 2.30 on friday. Rather than sit there and see themselves be the only broker allowing unlimited trading they had to follow the other brokers. The issue is the investment banks wont facilitate the margin in these particular stocks. Everyone has to now wait and watch and see if the shorts are forced to close.

[apad] 30/1/2021 08:49

"We can also note that IG Group under the stewardship of former CEO Peter Hetherington was a bastion of high quality and stability. Once he left, things have never been the same, demonstrating that it really does matter who is in the top leadership position. Mr Hetherington should be remembered as one of the great industry leaders.

Additionally, traders should consider their options and look toward working with multi-asset brokerages which use genuine prime of prime liquidity and don’t run a fully internalized system."

Be good if someone with the necessary skills started a petition for June Felix' resignation.

apad

[coxsmn] 30/1/2021 08:33

Might be due to Gamestop