Why trade on weekends with IG?
Trade key indices and cryptocurrencies 24 hours a day1
React to breaking news over the weekend and never miss an opportunity to trade
Access guaranteed stops2 with Australia's No. 1 provider3
Live prices on our weekend markets
What is weekend trading?
Weekend trading is how you can access indices and cryptocurrency markets on a Saturday and Sunday. This means, for example, that if you thought Brexit news was going to break on a Saturday which would cause the FTSE 100 to move, you no longer have to wait until markets open on Monday to trade.
The weekend prices for indices are quoted separately to their weekday counterparts, based on our view of the prospects for that market given client business and news flow. As a result, you can use these markets to hedge against risk on your weekday positions. Weekend indices positions will rollover into regular weekday positions if they are kept open after the Sunday close, with any stops or limits remaining in place.
For cryptocurrencies, because the markets are open over a weekend anyway, we’ve just extended our weekday markets. This means that any positions on cryptocurrencies will continue to move over the weekend, and your stops and limits can still be triggered.
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How to hedge with weekend trading
One key use for weekend trading is to offset potentially negative movements in a market that you have an open position on over the weekend.
Say you are long on our weekday FTSE100 when the underlying market closes on Friday, but rumours emerge on Saturday that the prime minister is going to resign. If the rumours are confirmed you believe the FTSE 100 will fall, so want to reduce your exposure.
On Sunday morning, we quote a weekend FTSE100 price of 6700. Rather than wait for the weekday market to open, you decide to sell of our weekend FTSE100 at 6700. In this scenario your long position on the weekday FTSE100 is now offset by your short position on the weekend FTSE100.
A few hours later the prime minister announces their resignation, and our weekday FTSE100 market reopens on Sunday night at the lower price of 6600. However, as you hedged your long weekday position at 6700 by trading on our Sunday FTSE 100, you’re protected against the losses involved with closing at the weekday market opening price of 6600.
Any Sunday positions must be held until 8.40am (AEDT) to rollover into a standard weekday contract, and thus net off against your existing weekday contract.
1 24/7 means all week apart from six hours from 10pm Friday to 4am Saturday (UK time), and 20 minutes just before the market opens on Sunday.
2 Guaranteed stops with IG are free and only incur a premium if they are triggered.
3 Number 1 in Australia by primary relationships, CFDs, Investment Trends December 2018 Leveraged Trading Report, FX, Investment Trends December 2018 Leveraged Trading Report
4 If you have traditional weekday positions on the FTSE 100, Germany 30, Wall Street or HS50, the valuations of these positions will not change during weekend trading after IG closes on a Friday. Stops and limits on these weekday positions will not be processed during weekend trading and order to open positions and trailing stops will not be accepted.
5 Trade cryptocurrencies from 2am Saturday through to 8am (AEDT). If you have a position open on one of these cryptocurrency markets, it will be affected by weekend trading. This additional trading period during the weekend means not only do you have longer to speculate on the price of different coins, but also any stops and limits you have open can be filled on the weekend.