Sorry if people are already bored to death on brokers and the whole EURCHF debacle. The issue still remains unresolved. Clients have not been given any reasonable response to complaints other than IG Index acted fairly within their rights under their T&C.
At their results presentation, they highlighted that there was a total exposure to CHF of £161mn. At a rough estimate based on EURGBP around that time, they effectively had exposure to the CHF of €225mn.
IG confirm that their aggregated pool which they traded at 0.9250 (derived from hedging in USDCHF). What ever happened to the €100mn exposure they were left with due to auto-closing some client stops at 1.19xx.
Furthermore, their electronic platform was still live for clients up until 09:36. Did anyone manage to sell any via their platforms between 09:30 and 09:36 ?
If you were one of the unlucky punters with IG Index and got stung with a slippage of over 2600, please get in touch with our group.
At their results presentation, they highlighted that there was a total exposure to CHF of £161mn. At a rough estimate based on EURGBP around that time, they effectively had exposure to the CHF of €225mn.
IG confirm that their aggregated pool which they traded at 0.9250 (derived from hedging in USDCHF). What ever happened to the €100mn exposure they were left with due to auto-closing some client stops at 1.19xx.
Furthermore, their electronic platform was still live for clients up until 09:36. Did anyone manage to sell any via their platforms between 09:30 and 09:36 ?
If you were one of the unlucky punters with IG Index and got stung with a slippage of over 2600, please get in touch with our group.