Re: IG and Bitcoin It looks like todays rise was in response to IGG having a big stake of the bitcoin market. When plus500 reported couple of weeks ago, they highlighted improved revenue due to bitcoin trading. Presumably igg holds much larger stake of this market, and therefore, expectation is now that this should boost igg results on Jan 23rd and in the future. This new market has the potential to completely outweigh the changes in regulation in the EU and UK. Not to forget that IGG is now also looking to become a player in the US. That could re-rate igg to much higher PE and sp.
Re: IG and Bitcoin Also I believe the more volatile the markets are the more IG make, probably because of the spread and people constantly swapping from long to short and loosing on the spread every time.
Re: IG and Bitcoin No I think they hedge most of what is traded,even the article suggests hedging is in place,thats probably why they have to limit trade,because they are finding it difficult to hedge in big numbers.
IG and Bitcoin [link] this result in a hit given today's drop in BTC?
Re: Down 5% The FCA have released an RNS on their CFD trading finds, and overall its negative on CFD traders, but does not reference individual firms.[link]
Down 5% Why the drop?
Re: 7.5% plus On lse they said plus markets produced very good results,and Barclays have put £9.20 target on IGAll very good.
7.5% plus Nice !
Re: Good news Sometimes I think its any excuse to short a company.You could be right though,so the correction has now been corrected.Happy to see IG marching on.
Re: Good news Tell me if I got this wrong but here is a thought about the European regulations.It was expected that the EU regulations would be more lenient than the UK ones proposed. However, the opposite happened. Therefore, the sp sank on the news.Then mr market realised that originally it was expected that some UK punters will flee to EU based companies as their rules would be easier / lighter. When the opposite happened, I.e. UK regulations will be lighter, presumably, then that means more EU based punters will flock to UK and specifically Ig index. This means increased custom for Ig index. So it was good news after all? Did I get this logic wrong or not?
Re: Good news It seems to be holding up ok,they don't look that bad but seems like the rules aren't final yet.Still happy holder.Frustrating that the traders knew something was to be announced and we didn't get told.Seems that IG is being traded a bit at the moment.Should settle down in a day or two.
Re: Good news No. Looks like the Emea regulations are stricter than expected.
Re: Good news maybe not so good ....[link]
Re: Good news I thought someone was going to tell me what's going on.Something good in the background.
Good news Sp seems to imply good regulatory news leaking.