Why are spreads on CFDs so abnormally large today?
One instrument (INO) in particular has had a 60c - $1 spread throughout the session when normally it would be 18-25c (still high) and I know many others are similar.
Volume is normal so this can’t be it.
This is a $10 stock, how can we trade with a 10% spread?
Does this have anything to do with the inability to buy positions and hedge open sells on many other instruments too?
Quite concerning.