Fair quote from IG

raysor · Mar 25, 2009

Spread betting, IG Index

Does anyone else find IG annoying sometimes. It has happened brfore but just trying to buy a few RCG holdings (mkt quote 54.75-55)
IG quote (JUNE) 53.23-53.91
Try to buy and says closing trades only. Yeah, right at 53.23!!

raysor · Mar 26, 2009

Today IG have 57.48-58.95 (no buying) whilst market is 59-60 (10k offered).
Still, I suppose there is no rules/obligation for them to make a market!

tar · Mar 26, 2009

I dont c the diffrence ...

ns1000 · Mar 26, 2009

Presumably there is a dividend being paid, which is why the June future is lower than the cash. Interest rates being what they are, there's b*gger all cost of carry.

raysor · Mar 26, 2009

tar said:
I dont c the diffrence ...

Have a look at the prices around 11.15

raysor · Mar 26, 2009

ns1000 said:
Presumably there is a dividend being paid, which is why the June future is lower than the cash. Interest rates being what they are, there's b*gger all cost of carry.

could be (1.5p ex 1/4/09) Should that make a difference as they are both cum div?
Why no buying orders allowed though. Most of the business is done in Hong Kong so maybe that's why.

ns1000 · Mar 26, 2009

A dividend would make a difference as the futures price takes account of the dividend by stripping it out. If I understood your first post, it's not 'no buying', but 'no opening positions', which -although in this case they amount to the same thing for you- are different.

Is the rolling daily one open for trading?

raysor · Mar 26, 2009

ns1000 said:
A dividend would make a difference as the futures price takes account of the dividend by stripping it out. If I understood your first post, it's not 'no buying', but 'no opening positions', which -although in this case they amount to the same thing for you- are different.

Is the rolling daily one open for trading?

I don't know about the daily one.
I have an open long position and wanted to buy more (but couldn't).
You are right in saying it's no opening orders, presumably if you were short you could buy to close (I would hope so anyway)

foredog · Mar 26, 2009

Why don't you just buy the underlying stock?

Ig do DMA so you could even just take the stock on the order book couldn't you?

raysor · Mar 26, 2009

foredog said:
Why don't you just buy the underlying stock?

Ig do DMA so you could even just take the stock on the order book couldn't you?

Too small.
If you look at my profile you will think I'm mad!!

Fair quote from IG

raysor

Established member

raysor

Established member

tar

Legendary member

Attachments

ns1000

Established member

raysor

Established member

raysor

Established member

ns1000

Established member

raysor

Established member

foredog

Experienced member

raysor

Established member

Similar threads