IG Japan discontinues Brazil 60 Stock Index CFD, halting new orders and setting settlement for February 2025.
IG Japan discontinues Brazil 60 Stock Index CFD, halting new orders and setting settlement for February 2025.
IG Japan announced that its subsidiary, IG Securities, discontinues offering the Brazil 60 Stock Index CFD. Effective immediately, IG will not accept new orders for this instrument. However, IG will honor existing pre-orders and execute positions as planned once the specified price is reached.
IG Securities will settle open positions in the Brazil 60 Stock Index CFD on Thursday, February 13, 2025. The settlement will occur at 5:55 AM Japan time, and IG will close the positions at that day’s closing price. Additionally, IG will delete all pre-existing orders by that date, ending any remaining trading opportunities for this index.
IG Securities discontinued the Brazil 60 Stock Index CFD as part of a broader trend in which many brokers adjust to market conditions, regulatory changes, or shifts in client demand.
Other IG subsidiaries or competitors may make similar changes to their CFD offerings, but this remains to be seen. However, clients in Japan must explore alternative trading instruments. IG Securities’ move highlights the ongoing evolution within the retail trading sector, as firms regularly reassess their product offerings to align with market trends and customer needs.
The closure of this index CFD will impact retail traders who used it to speculate on the performance of the Brazilian stock market. The Brazil 60 index prominently reflects the broader economic activity of Latin America’s largest economy, making this especially true. IG Japan has not provided additional details on the reasons behind the decision. Still, this shift significantly affects regional investors and highlights how quickly market offerings can change in response to shifting priorities.
In Conclusion, IG Japan’s subsidiary, IG Securities, will discontinue offering the Brazil 60 Stock Index CFD, halting new orders immediately. Existing pre-orders will remain in effect, with settlement scheduled for February 13, 2025. The move aligns with broader trends as brokers adjust to market conditions and client demand.
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