We are excited to be the only CFD provider in Australia to offer 24 hour trading, without breaks, on Australia’s leading stock index.
(PRWEB) January 20, 2010
IG Markets, Australia’s number one CFD provider, is pleased to announce the upcoming launch of 24 hour trading on our Australia 200 Index CFD product. CFD Traders are now able to deal on Australia’s index of the top 200 shares, around the clock.
Mr Tamas Szabo, Chief Executive Officer, IG Markets says “We are excited to be the only CFD provider in Australia to offer 24 hour trading, without breaks, on Australia’s leading stock index. 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.”
“Previously, CFD traders could not access the market to deal between 8:00am and 9:50am Tuesday to Friday, and between 4:30pm and 5:10pm Monday to Friday, now they will be able to get the jump on all other participants by dealing on live tradeable prices when the underlying market is closed. An IG Markets client could get into work at 8:00am, check the markets, and if they want to trade the index they will be able to take a position.”
IG Markets has been making out-of-hours FTSE prices for over a decade and currently makes out-of-hours prices for many other popular global index markets including Wall Street, Germany 30, Italy 40, France 40 and Spain 35. The addition of the Australia 200 index takes the number of CFD indices you can trade around-the-clock to 14.
Clients will be able to:
- Trade the Australia 200 Index around the clock, from 09:50am Monday through to 08:00am Saturday, when certain times in the market were previously closed to them
- Deal on most public holidays, including Australia Day**
“IG Markets is committed to constant innovation and offering client’s tools that can optimise their CFD trading. We are thrilled to be able to launch this exciting new product,” 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 account among current CFD traders, Investment Trends June 2009 CFD Report.
** Exempt days are Good Friday, Christmas Day and New Year’s Day.
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.