IG Index UK’s Leading Spread Betting Firm16th November 2009 9:36 am GMT
A study by market research firm Investment Trends, jointly commissioned by UK retail derivatives providers, has found IG Index to be the UK's leading spreading betting firm with a 40% share of the UK market.
According to the 2009 Investment Trends Spread Betting and Contracts for Difference Report, IG Index outperformed its competitors across every measure of dealing activity since July 2009, leading the way in the number of active spread-betting accounts, number of new accounts opened, number of primary accounts held and also on the volume of transactions handled.
"Having pioneered financial spread betting in the 1970's, we have seen the industry innovate at an incredible pace, especially in recent years with the advent of broadband and mobile dealing, whilst increased volatility has added to the general interest in financial markets," said Tim Howkins, Chief Executive of IG Group.
"To see our number one position be endorsed in such a comprehensive study underlines the commitment and dedication of all the staff at IG Index."
Of those surveyed, 40% named IG Index as their primary spread betting account.
For the last quarterly reporting period ended August 31st, IG Group Holdings plc reported revenues of £68.0 million, a 28% year-on-year improvement, following strong growth across the company's key markets.
Shares in IG Group Holdings plc (Co. Profile) (LSE:IGG) have gained 26.3% over the past year to reach a market cap of £1.16 billion. The shares opened in London this morning at 323.60 pence per share.