At IG Index, we are committed to an ongoing process of product improvement through education, helping clients manage risk, expanding our range of markets and ensuring clients get the very best value for money.
London (PRWEB) October 5, 2009
From Monday 21 September, IG Index, the world's leading financial spread betting provider, is adopting an automated deposit system that will reduce deposit requirements for the majority of clients. Deposits will no longer be determined simply by the instrument in question. Under the new system we will account for the size of the position, with smaller positions in the most liquid and least volatile stocks attracting the most competitive rates. Over 650 global equities will be offered on deposit rates from just 5%.
- New methodology offers lower deposits to majority of clients
- Tiered deposit structure addresses liquidity of open positions
- First in industry to offer dynamic deposits
Tim Howkins, Chief Executive, IG Group, said:
"The financial spread betting industry has historically adopted a static approach to deposits but this new policy takes into account how liquid a position of that size is for the stock in question. A small position in a liquid stock is very efficient for us to trade in the underlying market, so this new structure allows us to pass those benefits on to our clients."
The majority of shares spread betting clients will benefit from the lowest rates, but conversely those looking to deal in larger sizes in the future will be required to provide higher deposit rates, offering increased protection for both the client and company.
Tim Howkins, Chief Executive, IG Group, added:
"At IG Index, we are committed to an ongoing process of product improvement through education, helping clients manage risk, expanding our range of markets and ensuring clients get the very best value for money."
About IG Index
IG Index is the world's leading financial spread betting provider, offering clients the ability to spread bet on over 7,000 shares listed on markets worldwide, along with 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 0111.
Financial spread betting is a leveraged product and can result in losses that exceed your initial deposit. Spread betting may not be suitable for everyone, so please ensure that you fully understand the risks involved.