(Reuters) – Online trading platform IG Group Holdings Plc said on Saturday it would restrict new positions in GameStop Corp and AMC Entertainment due to “extreme volatility” in the market.
“Because of the extreme volatility and to prioritize the service we offer to our existing customers, we are not allowing new positions to be opened in US shares of GameStop and AMC Entertainment,” IG based in a tweet here.
“These restrictions will be reviewed periodically,” he added.
The company is the latest trading platform to announce restrictions after rising volumes in recent days stemming from calls on social media by individual investors to trade stocks such as GameStop and AMC that were being severely short on funds. coverage.
On Friday, the U.S. Securities and Exchange Commission began the battle between small investors and Wall Street hedge funds, warning brokers and social media traders that it was alert to any shortfall in the roller coaster trade. ‘this week.
Aakriti Bhalla reports in Bengaluru; Edited by Mike Harrison