IG Index Confirmed as Undisputed Leader in Financial Spread Betting
Study reveals 40% market share**
IG Index has been confirmed as the UK’s leading financial spread-betting firm, according to 2009 Investment Trends Spread Betting and Contracts for Difference Report.
(PRWEB) November 12, 2009 -- IG Index has been confirmed as the UK’s leading financial spread-betting firm, according to 2009 Investment Trends Spread Betting and Contracts for Difference Report***.
 The research – which revealed a 40% market share for IG Index in the UK – was jointly commissioned by a number of UK retail derivatives providers. This was the first time such a complete study has been conducted of UK investors who either are, or may be considering, financial spread betting.
The survey presented a clean sweep for IG Index, with the firm being rated above other UK financial spread-betting companies in every market-share measure used by Investment Trends. Based on dealing activity from July 2009, IG Index came top for the number of active spread-betting accounts, number of new accounts opened, number of primary accounts held and also on the volume of transactions handled.
The research also showed that 40% of active spread-betting clients hold their primary account with IG Index.
Tim Howkins, Chief Executive of IG Group, commented:
“Having pioneered financial spread betting in the 1970’s, we have seen the industry innovate at an incredible pace, especially in recent years with the advent of broadband and mobile dealing, whilst increased volatility has added to the general interest in financial markets. To see our number one position be endorsed in such a comprehensive study underlines the commitment and dedication of all the staff at IG Index.”
IG Index also runs a comprehensive training and education scheme through its TradeSense programme. This is specifically designed for those who are new to financial spread betting, to help them understand the financial markets and the risk management tools they have at their disposal.
About IG Index
IG Index is the world’s leading financial spread betting provider, offering clients the ability to Spread Bet on over 7000 shares listed on markets worldwide, along with stock indices, currencies, commodities and treasuries. Established in 1974, IG Index is part of IG Group (IGG.L), which employs in excess of 800 people and has offices in 10 countries worldwide. For further information please call +44 (0) 20 7896 0011.
** Proportion of those who traded within one month prior to the study who said IG Index was their main provider
*** Investment Trends is a leading specialist market research organisation. Find out more at www.investmenttrends.com.au
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