Business & Investment

IG Group limits games on GameStop and AMC due to “extreme volatility” by Reuters

© Reuters.File Photo: GameStop Store in New York

(Reuters)-Online trading platform IG Group Holdings Plc announced on Saturday that it will limit new positions. GameStop Corp (NYSE :) and AMC Entertainment (NYSE :) are due to the “extreme volatility” of the market.

London-based IG tweeted, “We are very volatile and do not allow US stocks GameStop and AMC Entertainment to open new positions because we prioritize the services we provide to our existing clients.” : // twitter .com / IGcom / status / 1355507435453243402.

“These limits will be reviewed on a regular basis,” he added.

The company is the latest trading platform to announce restrictions following the recent surge in volume due to individual investors’ calls to social media to trade stocks such as GameStop and AMC, which were significantly deficient by hedge funds. is.

On Friday, the US Securities and Exchange Commission participated in a battle between small investors and hedge funds on Wall Street to brokers and social media traders who were wary of fraud in this week’s roller coaster trade. I warned you.

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IG Group limits games on GameStop and AMC due to “extreme volatility” by Reuters IG Group limits games on GameStop and AMC due to “extreme volatility” by Reuters

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