From the Wires
IG Extends its Lead as the UK's No.1 Spread Betting and CFD Provider
By: PR Newswire
Nov. 15, 2012 12:20 PM
LONDON, November 15, 2012 /PRNewswire/ --
IG continues to lead the way in an expanding market
The latest annual research from Investment Trends into the UK retail derivatives market shows that the industry leaders IG have pulled further ahead of their competitors.
The Investment Trends 2012 Leveraged Trading Report is the most comprehensive study of contracts for difference (CFDs), financial spread betting and foreign exchange markets (forex) in the UK. It shows IG increasing its market share of financial spread betting from 41% in 2011 to 44% in 2012 and its share of the CFD market from 24% to 32% over the same period.*
92,000 people in the UK used financial spread betting in 2012 whereas 25,000 people traded CFDs. The report also highlighted a substantial 6% growth in the number of UK retail forex traders.
IG's chief executive, Tim Howkins: "While the figures are pleasing there is still plenty of work for the industry to do to encourage more retail customers to trade derivatives sensibly and profitably. Here at IG we offer a comprehensive range of trading tools and resources to help both the experienced trader and the novice alike. For instance, our innovative insight platform allows traders to identify opportunities based on the aggregated positions of other clients."
* The figures are based on the number of traders who nominated IG as their primary provider.
NOTES TO EDITORS:
About IG Group
IG Group is a world-leading provider of financial spread betting, contracts for difference (CFDs) and forex. Founded in 1974, IG Group is an established member of the FTSE 250 with headquarters in London and offices across Europe as well as in the US, Japan, Singapore and Australia.
Summary of brands in 2012
IG is now the trading name of both IG Index (spread betting) and IG Markets (CFD trading). IG's other brands continue, as:
Please contact David Jones for more information on +44(0)7932-748-475.
For more information visit: http://www.iggroup.com.
SOURCE IG Group
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