IG Insight - Random number generator?

Just to add to this topic.

If a share is 'unborrowable' on IG, Insight shows their client positions as being 100% long !

R.

great spot mate.
just goes to show how much you can trust there data.
bunch of crooks

Hi all,

I was taking a look round the IG Insight platform earlier on to see the information that they list as to be honest I haven't paid that much attention to it previously. For those that don't use IG they have an area for each instrument you're trading with various news, views and also positions open by other IG clients. This is where I noticed something rather odd with their numbers...

Taking a look at RBS below you can see a client sentiment at the bottom right which reads 87% long.



That seems reasonable... further down the screen you have a section for related markets:




From this screenshot remember that 95% are long on Lloyds & 81% long on Barclays. This is where the magic happens as when you click through to the individual company it doesn't quite agree. Check out Lloyds below, IG now state that 90% are long.



And further down the other banks are listed. Clients trading RBS are now 94% long (from 87%) and clients trading Barclays are now 82% long.



Finally clicking through to Barclays we can see that the previous figures are at odds as actually clients are only 74% long!



As you can see it's all very strange and considering the markets are not open it's not a dynamic situation.

Not that I use that information in any way to form my trading decisions, and I doubt many others do, but thought I'd post just as a heads up to anyone using that "information"!

Cheers,
M.