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Spread Betting Market News
| Cantor Index starts innovating again | | Print | |
| Written by Will Peters |
| Tuesday, 19 April 2011 12:47 |
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Company announces addition to pure spread betting services. UK spread betting company Cantor Index has announced that it will launch a new multi-asset platform to the retail investment market. The platform is to target retail investors looking to hedge against foreign assets with currency positions. Cantor Index already offers a range of markets through its existing spread betting service. This includes indices, shares, bonds and commodities. The new product launch will be the first major push for some time say spread betting industry analysts. Lisa Baum, spokesman for Cantor Index says: "We haven’t yet released any information about this, as it won’t be launching until later in the year. We have seen our clients becoming more interested in the FX Spread Bets we offer, as they have been forced to reconsider what might be a safe-haven currency. "The Australian dollar, for example, has been performing well in recent weeks, hitting a 29-year high against the US dollar earlier in the week." Cantor Index clients have been watching markets closely since the beginning of the year as events in the Middle East have unfolded, causing high volatility. Baum says, "Q1 of 2011 saw a surge in interest in commodities as uncertainty in the Middle East saw oil rising back over US $100 a barrel, and data showing continued growth in emerging economies had a knock-on effect on the likes of copper and other metals. "The rise in commodity prices is contributing to worldwide inflation, but while some countries continue to deny this, currencies remain volatile and there is a growing appetite for using spread Bets on currency pairs." |
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Spread betting at a glance
- Spread betting is a financial product that allows retail and professional investors access to the widest possible number and types of exchange traded instruments.
- The spread betting company that you trade through is the market maker, the trader does not actually take ownership of any underlying product. Hence, most jurisdictions do not charge stamp duty on any gains.
- The notion that you don't actually own the product ensures spread betting platforms are able to almost instantaneously execute orders on behalf of their client.
- Spread betting is a leverage product, your money is able to realise you impressive gains as your earnings come in multiples of the actual change in the underlying product that you are trading.
- This is of course where spread betting can also go spectacularly wrong. Losses can be huge, therefore we advise those that are spread betting, or are looking to go into spread betting, to enter each trade with a well thought out strategy. This also means setting a pre-determined stop loss so that losses are cut at a manageable level.
- This website is here to offer more insight into this fascinating trading instrument.
