We are excited to be offering our clients tight spreads on stock index CFDs. Our evidence suggests that CFD traders are particularly keen on trading the index as it gives them exposure to a basket of the top 200 stocks.
(PRWEB) April 1, 2010
IG Markets, Australia’s number one CFD provider*, has reduced the spread on one of their most heavily traded products, the Australia 200 Cash Index, available now at just 1 point during market hours. That’s a 50% reduction and follows on from their launch of 24 hour trading on the same CFD product in January.
Mr Tamas Szabo, Chief Executive Officer, IG Markets says “We are excited to be offering our clients tight spreads on stock index CFDs. Our evidence suggests that CFD traders are particularly keen on trading the index as it gives them exposure to a basket of the top 200 stocks, as opposed to taking a view on the prospects of an individual company’s shares.”
“Along with the 50% spread cut, we've made other recent improvements to make it easier for you to trade this CFD. These include making it available around-the-clock and reducing the margin requirement by 20%**. ”
CFD trading with IG Markets gives you a flexible way to trade on the world's stock indices, including: Australia 200, FTSE 100, FTSE 250, Wall Street, US SPX 500 and US Tech 100; Germany 30, France 40 and other European indices; Japan All-Share, Hong Kong HS34, Singapore Blue Chip, India 50, Korea 200, Taiwan All-Share and China H-Shares.
“IG Markets is committed to constant innovation and offering client’s tools that can optimise their CFD trading. We are thrilled to be able reduced the spread on this very popular product, which reflects our commitment to provide outstanding value for money alongside quality service.” Mr Szabo said.
A CFD (or Contract for Difference) is an agreement to exchange the difference in value of a particular asset between the time at which a contract is opened and the time at which it is closed.
About IG Markets
IG Markets specialises in financial derivatives, principally Contracts for Difference trading (CFD trading) on over 7,000 global share CFDs, along with indices, forex, commodities, options, binaries and more. IG Markets is part of the IG Group, a UK FTSE 250 member with over 75,000 active clients worldwide. For further information please call 1800 601 799.
*Largest provider by primary accounts among current CFD traders, Investment Trends June 2009 CFD Report.
**Reduced for Trader Account holders
Remember that CFDs and forex are leveraged products and can result in losses that exceed your initial deposit. CFD and forex trading may not be suitable for everyone, so please ensure that you fully understand the risks involved. Please consider our PDS before you enter into any transaction with us.