(Reuters) – IG Group Holdings Plc’s online trading platform said on Saturday that it will block any new positions on GameStop Corp and AMC Entertainment due to “real volatility” in the market.
“Due to extreme volatility, and to prioritize the service we provide to our existing clients, we are not allowing any new positions to open on US stock GameStop and AMC Entertainment,” he said. London-based IG in a tweet here.
“These restrictions will be reviewed regularly,” he said.
The company is the latest trading platform to announce restrictions following an increase in numbers in the past few days, ranging from calls on social media by individual investors to trading stocks such as GameStop and AMC that were heavily shortened by hedge funds.
On Friday, the U.S. Securities and Exchange Commission moved into the battle between small investors and Wall Street hedge funds, warning bankrupts and social media traders that it had been warned for any crime in it. the roller-coaster trade this week.
Reporting by Aakriti Bhalla in Bengaluru; Edited by Mike Harrison