Why trade on weekends with IG?
Trade key indices and cryptocurrencies 24 hours a day,1
React to breaking news over the weekend and never miss an opportunity to trade
Access guaranteed stops2 with the world’s No.1 provider3
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.
What markets can I trade on the weekend with IG?
How to hedge with weekend trading
By trading on weekend markets, you can offset movements that might impact your weekday position(s).
Suppose you’re long on our weekday Wall Street offering when the market closes on Friday. Some negative news is anticipated on Saturday morning that you believe will cause Wall Street to fall in value.
To offset your existing position, you open a short position on our Weekend Wall Street. If your prediction is correct, your short position would turn a profit and offset a proportion of the losses on your weekday Wall Street position.
If you still hold your weekend position when the market closes on Sunday at 10.40pm UK time, it will automatically net off against your existing weekday trade - that is, unless has a stop or limit attached. In which case, your trade would be rolled over into a weekday position with the same stops and limits attached. So you’d have both a long and a short trade when the weekday market re-opens.
1 24/7 means all week apart from ten hours from 10pm Friday to 8am 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 Based on revenue excluding FX (published half-yearly financial statements, June 2019); for forex based on number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report released July 2019).
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 4am Saturday through to 10pm on Friday night (UK time). 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.
6 Please note that weekend positions with attached stops and limits will not be netted off against existing weekday contracts. In this instance the weekend position will roll into a new weekday position, with the same stops and limits attached to it.