Dukascopy halts opening of new Carvana positions
Geneva based retail FX and CFDs broker Dukascopy has informed its clients of changes in trading conditions for CFDs in shares of US listed used car site operator Carvana (NYSE:CVNA).
Dukascopy indicated that the opening of new positions, or the increase of an existing exposure for the CVNA.US/USD CFD is not available due to restrictions from liquidity providers.
The measures are applied with immediate effect and concern clients of Dukascopy Bank and Dukascopy Europe.
Carvana, which has been reported to have recently narrowly escaped bankruptcy, has seen its shares rally by more than 7x since May, becoming one of a new generation of highly volatile meme stocks.