GameStop (NASDAQ: GME) was leading a rally since the start of the year. However, major exchanges like Robinhood and IG have been restricting trading in the stock. The online brokerages restricted trading in several emerging stocks such as Blackberry and AMC.
IG — one of the UK’s largest trading platforms said in a statement: “Due to the recent extreme volatility and in order to prioritize the service we give our existing clients, we are not allowing any new positions to be opened on the US stocks GameStop and AMC Entertainment.”
Due to extreme volatility, and to prioritise the service we give our existing clients, we are not allowing any new positions to be opened on the US stocks GameStop and AMC Entertainment.
These restrictions will be reviewed regularly.
— IG (@IGcom) January 30, 2021
“These restrictions apply to all IG accounts and will be reviewed regularly. You will still be able to close any open positions that you have in these stocks. Any orders that you have already placed on these two stocks will remain.” continued the statement.
