Why do I get the message "Transactions in this instrument are limited to closing-only trades" when I try to buy certain stocks?

This message means that the instrument is currently restricted to closing-only transactions. In other words, clients may be allowed to reduce or close an existing position, but they cannot open a new position or increase an existing position in that instrument.
This can happen for several reasons. Common examples include a change in the stock’s listing status, where the instrument is no longer continuously quoted on an electronic market, or a change in clearing or settlement status, where the stock can no longer be settled through standard clearing mechanisms and may require special broker-to-broker bilateral settlement.
In these circumstances, MEXEM/IBKR may accept closing orders for existing positions, but will not accept orders that open a new position or increase the current position.

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