Thread on tonight's announcement....

Three different things going on. Firstly they've put stabilizers back on the market. 900 orders setting the buy price means less *visible* volatility and 1p limit on sell orders means one trader can't drop the price by themselves.

We will still see significant drops when there's a good reason and lots of traders incrementally push the price down but one trader won't be able to reduce the price by a big chunk in one go.

The second thing is to allow people to place bids above the buy price. This means that if, say, a player scores and their price rises you can have a bid waiting to match on the way up rather than having to rush to buy as quickly as possible and maybe missing out.

Note you will not necessarily get your bid matched if you go in too low and there are more shares bid for at that price than share offers at that price. It's a new bit of game theory added into FI...

Finally they're switched it off at night for the next five nights between 11:30 and 7.30. Note this means IPD sell off will be at 7.30 and not midnight. And also that we can all get a decent night's sleep.

Overall reflection is that it's a sensible interim measure as the market clearly couldn't cope with volatility without market depth. I don't think the 900 shares is needed as well at the 1p but I can see why they want maximum security.

But at some point traders are going to have to learn to value on the bet not the price someone else is willing to pay. I didn't sell any premiums the last few days because I knew they were worth more than people were willing to pay at that point.

DMs open if you have questions about it all.