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Here's another one, official boerse chart, official IG chart.
2.5 point drop when the index and the future didn't move a tick.
Time is 11:44:09 Paris time.
They actually keep doing this quite often, in one direction or another, intraday. Dunno why...
In the bottom chart the line is IG vs the future spread.
Remember that the majority of their client positions are netted against each other internally before the rest is hedged into the futures market, so any significant client switches can result in significant movement regardless of the underlying. Put into context, I can see your 2.5 wobble in a 1 sec data stream here but cash Dax also gapped up 2.0 in 1 sec on eSignal shortly after.
Realistically there is nothing to see on a 1 minute chart (ignore Ninja's stupid end of bar timestamps), and I would suggest that looking at too fine a resolution is chasing ghosts, given the nature of the beast. It is a representative price at the end of the day, with several factors involved.
They are of course also perfectly at liberty to move prices based on their own algorithms, which clients can take advantage of or be disadvantaged by, although I see little evidence of that. Put another way, even when trading with ultra tight stops I have yet to find a way to blame IG for any of my own poor trading..
