UK's No. 1 Provider
The latest annual research from Investment Trends into the UK retail derivatives market shows our spread betting and CFD operations have pulled further ahead of our 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.
Chief executive Tim Howkins commented: '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.
A full text of the Investment Trends release is available below in pdf format.
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For further information, please contact:
Chief Market Strategist 07932 748 475
Head of Investor Relations 020 7573 0026