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IG Markets Australia cuts spreads of FTSE, DAX, and S&P 500

Aug 25 2011
Quick Facts:

- FSTE, DAX and ASX 200 now available from 1 point

- S&P500 available from 0.5 points

- IG Markets is Australia’s number one CFD provider
IG Markets, Australia’s number one CFD provider*, has cut the minimum spread on the cash contracts and AUD-Denominated contracts on three of its most popular stock indices; the FTSE 100, the Germany 30 and Wall Street.
IG Markets, Australia’s number one CFD provider*, has cut the minimum spread on the cash contracts and AUD-Denominated contracts on three of its most popular stock indices; the FTSE 100, the Germany 30 and Wall Street.
IG Markets has cut the spreads on these indices by 50%, with the FSTE 100 cash and the Germany 30 cash (main and mini contracts) now available from 1 point, and the Wall Street cash (main and mini contacts) available from 2 points.
These spread cuts will add to the company’s already low spreads across a range of global markets, including the Australia 200 and US Tech 100, both available from 1 point, and the US SPX500 available from 0.5 points.
Tamas Szazbo, Chief Executive Officer of IG Markets Australia, says “we are thrilled to have reduced the spreads on these indices. We believe these spread cuts reflect our commitment to improving our clients’ trading experience by keeping our rates competitively low while maintaining our high standards of service.”
“As part of our commitment to provide outstanding value for money, we offer competitive rates across our extensive range of markets, including dealing spreads on major forex pairs from just 1 pip, and low commissions on over 7,000 global share CFDs starting from 0.1%.”
A stock index is a statistical indicator measuring the combined value of the underlying stocks in a particular index. Stock indices usually represent a number of leading stocks in an economy or sector, with the ASX 200 representing the top 200 stocks in Australia.
Stock indices provide one of the most popular forms of CFD trading, and IG Markets offers an extensive range of global indices to choose from including the Australia 200, the FTSE 100, the Wall Street and the Japan 225.
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. IG Markets offers CFDs on a range of markets, including indices, forex, shares, commodities, options and more.
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 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.
Remember that CFDs are a leveraged product and can result in losses that exceed your initial deposit. CFD trading may not be suitable for everyone, so please ensure that you fully understand the risks involved. Please consider our Risk Disclosure Statement before you enter into any transaction with us.
*Investment Trends’ 2010 CFD Report revealed that 29% of CFD traders choose IG Markets as their main provider.
TAGS: ig markets  ig markets australia  indices  cfd  spread  s&p 500   

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