Just an idea.
This whole state of affairs has got me thinking about what FI could do to help people. I think increasing the spreads was the right call for the safety of the platform but Just reading the comments makes you realise there are quite a few people that have lost their jobs and really could do with getting some money out of FI. Luckily I’m not in this position but I had a thought that traders could implement their own order books style process. ie, trader A has 100 sancho’s and really needs the money but is reluctant to IS at £6, he finds a trader that is willing to buy at say £8 and trader A is happy with the price. They both contact CS and FI transfer the shares and take their commission. It’s a win win for FI. The shares stay in the system, they gain the commission and keep their customers happy. Not sure if it would even be possible but just an idea. What’s people’s thoughts?
Ollie last edited by
That is market sell
@Ollie no it the difference between market sell and IS
@Jimbo basically you’re talking about order books; which will come at some point.
As for doing it the way you suggest now that would be massively labour intensive and people seem to forget FI staff will also be affected by COVID19 and are probably running on reduced staff themselves.
@Sav2000 yeah I did think of that. Maybe it’s not possible just trying to think of ways to help people that need the money but at the end of the day suppose it boils down to the fact that it’s a gambling product and not to gamble more than you can afford.
LittleFish last edited by LittleFish
But who in their wildest dreams imagined that the British people would be banned from going to the pub and a Conservative government would turn the country into a socialist state. Don't gamble what you can't afford to lose but we are in exceptional times when the government is talking about bringing in troops to ensure successful businesses remain closed.
Strange times indeed.