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The Spread Betting Comparison Chart gives insight into the various providers according to the value added services they bring their clients.
Be it market updates, iPhone App's, customers support, technical tools - they judge the providers according to the effort they have put into their offerings. |
Spread Betting Market News
| IG Group: New 5pct stake taken by US investor | | Print | |
| Written by Sam Coventry |
| Wednesday, 13 April 2011 13:54 |
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Spread betting market buzz: Cantillon Capital has taken a 5.01% stake worth £80 million in IG, the firm founded by former Tory donor Stuart Wheeler. The talk of the spread betting industry over the course of the past 24 hours has centred around the news that the UKs largest spread betting company has a new major investor. Yesterday it was reported that Cantillon Capital, an investment vehicle for William von Mueffling has taken a 5% stake in the company. Von Mueffling made his name as a top stockpicker among fund managers at Lazards, running its highly successful European Opportunities Fund. He made Lazard investors millions predicting the end of the dotcom boom at the turn of the millennium. So to hear that he has invested in IG Group is a big positive. Shares in IG Group were 0.64% higher in afternoon trade on the FTSE. The IG Group stake building comes at an interesting time for the spread betting industry. Although it has been a City success story, growing from scratch into an increasingly well-respected player, some analysts fear it has peaked. Many firms seem to be struggling to attract new clients, and even some of the top customers are betting less in the wake of the economic downturn. IG's chief executive Tim Howkins has a driving ambition to push the company into the FTSE 100. Today the shares slipped 3.9p to 442.1p. That leaves the company valued at £1.6 billion, some way short of meeting Howkins' goal. |
Spread Betting Lessons - Cut out the emotion!
Oh, and also a lesson why the Stop Loss is your Friend !
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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.