de | cn | ru

Brokers News

IG Index reports record trading activity in August

Sep 06 2011
Stock market was very volatile in August. This is the busiest ever month for IG Index, one of the biggest spread betting firms in the word. Their PureDeal trading platfrom processed almost 900 000 transaction on 9 August, when US stocks surged the most for the last 2 years and 10-year Treasury yields hit a record low as the FED pomised to keep interest rates near zero through mid-2013.
IG Index, the UK's leading financial spread betting firm, has concluded its busiest ever month in terms of client transactions. Ongoing concerns over the outlook for economies on both sides of the Atlantic has lead to unprecedented periods of volatility for financial markets, encouraging a surge in account openings and clients placing more spread bets with the firm than ever before.
David Jones, Chief Market Strategist at IG Index, commented:
'August saw the FTSE 100 move in a range of more than 100 points on 18 out of the 22 trading days  - something that in more normal market conditions would only happen three or four times a month. As a direct result of the volatility, the number of orders placed by clients jumped significantly, with the PureDeal platform processing almost 900,000 transactions on 9 August alone.'
In a survey conducted by Investment Trends in late 2010, spread bettors across the UK repeatedly cited the importance of having a reliable dealing platform as one of the most critical factors in choosing a spread betting provider. The same survey showed that almost 60% of the country's active financial spread betting population have an account with IG Index and 88% of all respondents rated the PureDeal platform as 'good' or 'very good'.
Tim Hughes, Managing Director of IG Index, added:
'In a typical month we will handle in the region of six million transactions. The resilience and robust performance we've seen from the PureDeal platform during the peak periods of demand in August underlines the stability and reliability of our software - something that we know continues to be a key driver in attracting more people to spread bet with IG Index.'
With low transaction fees and tax-free profits, financial spread betting is ideally suited to shorter-term dealing strategies. Clients can access a wide range of instruments from a single account, while the ability to go long or short on a position offers the opportunity to profit regardless of the direction in which prices are moving.
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 indices, forex, commodities and treasuries. Established in 1974, IG Index is part of IG Group (IGG.L), which employs in excess of 900 people and has offices in 14 countries worldwide.
TAGS: ig index  puredeal  spread betting  trading  record  august 

More news about IG

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK FCA MT4, Web,
$50 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Brokers News

FC Barcelona and FBS Sign New Global Partnership Agreement

Jan 17 2020 13:05:55

Broker specializing in online trading becomes club’s Official Trading Partner for four years, through 30 June 2024. Read more

FP Markets adds Autochartist to its list of analytical tools

Jan 13 2020 17:56:25

FP Markets, one of the leading brokers in Australia and a trusted global Forex and CFD broker, has added yet another instrument to its long list of trading tools  - the Autochartist - an online technical analysis tool which scans the market to provide detailed breakdowns across a wide range of ... Read more

FBS clients grow to over 14 million in 2019

Jan 07 2020 18:15:13

FBS, one of the leading players in the forex industry, published its annual report for 2019, celebrating its 10th birthday and 14 millionth client in some 190 countries around the globe. Read more

#FBS2020: FBS Gives Away Lucky Gift Boxes In A New Year Promo

Dec 09 2019 14:36:59

As many companies out there, FBS broker finishes off its year with a New Year promotion for its clients. At the end of 2019, they are offered to create a fancy Thank You e-card for their loved ones and get a gift box full of nice surprises. Read more

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons:    a) it’s playable;  b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

  Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

de | cn | ru