Record month for Australia’s largest CFD Provider

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IG Markets, Australia’s largest CFD Provider*, has seen its busiest month ever in terms of transaction numbers and revenue, with global market volatility encouraging a surge in account openings and trading volume.

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In a typical month, IG Group’s 130,000 global clients make over 5 million transactions a month. On August 9 alone, our trading platform processed almost 900,000 transactions.

IG Markets, Australia’s largest CFD Provider*, has seen its busiest month ever in terms of transaction numbers and revenue, with global market volatility encouraging a surge in account openings and trading volume.

The markets had a roller coaster ride in August, with Wall Street, the FTSE 100 and the Australia 200 trading in ranges of nearly 2000 points, over 1000 points and nearly 800 points respectively. This was also the month that saw the US debt ceiling rise to USD14.3 trillion and S&P’s downgrade US credit from AAA to AA+. Across the Atlantic, there was continuing concern about the European sovereign-debt crisis.

CFDs (contracts for difference) are a useful product for trading in such markets, with traders able to short sell, as well as trade volatility with options and binaries. CFDs are also available on a range of markets, including stock indices, forex, shares, commodities, options and more.

Mr Tamas Szabo, Head of IG Markets Asia Pacific, commented that, “August saw our busiest days ever in terms of transaction numbers, and volatility made it an excellent month for client recruitment.

“In a typical month, IG Group’s 130,000 global clients make over 5 million transactions a month. On August 9 alone, our trading platform processed almost 900,000 transactions. Our team performed admirably, responding quickly to changing market conditions with extensive PR coverage. We are also pleased by the performance of our award-winning trading platform, PureDeal, under this extreme load.”

In the Investment Trends May 2011 CFD Report, it was found that charting and platform features were the most important factors for CFD traders switching between providers. IG Markets’ platform, PureDeal, is not only reliable, secure and efficient, but offers traders a range of features including advanced charting packages, pattern recognition software and news and analysis. PureDeal also features price improvement technology, which allows IG Markets to process orders at a better price than those requested by clients. In August, Australian clients saved over A$1 million in price improvements.

About IG Markets

IG Markets specialises in financial derivatives, principally CFD trading on over 7,000 global share CFDs, indices, forex, commodities, options, binaries and more. IG Markets is a part of IG Group, a FTSE 250 company established in 1974 which now employs over 1000 staff in 15 countries.
IG Markets advises that trading CFDs may not be suitable for everyone, since CFDs are a geared product and can result in losses that exceed an initial deposit, and that product disclosure statements are available from http://www.igmarkets.com.au

  • 40% of active CFD traders have an account with IG Markets - Investment Trends May 2011 Australia CFD Report.

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Jacqui Pretty
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