Do you not have that the wrong way round. If a company is a âgoing concernâ it is expected to pay its ongoing bills and remain in business for at least 12 months.
I bet it is a simple fix on IKBRâs end of simply flicking the Code on the Market Segment.
Maybe the T212 Team can ask what the issue is and how long it will take to get it sorted as it is a concern that any stock can switch their Market Segment and IKBR essentially refuses to address the issue on larger stocks if T212 ask.
I understand with Penny Stocks that this isnât a priority but what is to say that it happens on a Large AIM stock or even a FTSE 250 stock?
As someone highlighted you can buy this stock on IKBR but they wonât let T212 Trade it as though they get scraps
As per our latest correspondence with IB - SYME switched market segments on the 27th of July from CCP to SSX3. The latter (SSX3) is not supported by IB hence the reason they only accept sell orders, for the time being.
Should anything change, weâll let you know right away.
In order to avoid similar scenarios, we wouldnât add a company thatâs listed on an exchange or segment that IB doesnât support, to begin with,@Venetia1993. If, however, the company is listed on a supported exchange at the time of addition and afterwards moves to a segment that is not supported by IB - youâre right. It would have to be put in sell-only mode.
Make sure to let us know if you had a specific stock that you wanted to discuss in mind. Weâd love to look into the situation further.
SYME is still traded on a segment that IB does not support and remains in a close-only mode. Needless to say that if anything changes, weâll let you know.
The close-only mode of SYME has been removed. The instrument is now tradable on the SSQ3 segment, and our intermediary supports both Buy and Sell orders with it.