Posts Tagged ‘IG Index’

Hi all,

IG Index has a new website and from first impression it is a big improvement from the old one! There is a new section about market update so you can get the news in one place without searching for it on the net.

The design of the site is nicer. They didn’t change the platform deal though. As I always say it is one of the best platform out there but also the ugliest! I don’t know what about you but I really don’t like to sit in front of it more than 10 minutes.

Interesting results from IG Group:

Spread-betting firm IG Group saw group revenue for the three months to February rise 33% but said the overall growth of the business has been hit by tough comparatives. Group revenue for the quarter was approximately £62m compared to £46m. The shares crashed by 25%.

Hi all,

I’ve sent David Jones from IG Index 5 questions and here are his answers:

1) What is the difference between FTSE 100 daily and FTSE daily future? Isn’t it quite the same?

DJ: The FTSE 100 daily spread bet is the one that closely reflects where the FTSE 100 cash index is trading. If you run that position overnight a financing charge will be applied to take into account margin costs and any ex dividend days for FTSE stocks will be applied.

The FTSE 100 future is similar to the futures contracts that trade on LIFFE. The cost of financing and dividends is already taken into account so no adjustments will be made if the position is held overnight.

2) Do you get dividends using spread betting?

DJ: Yes, you will receive an adjustment to reflect dividends paid when spread betting – assuming you are using the daily contracts. For the quarterly contract this is already factored in usually but may need to be adjusted if a company’s dividend policy changes

3) Can you explain a bit more how your Bungee product works?

DJ: Read this page here

http://www.igindex.co.uk/spread-betting/bungee-bets.html

4) Why on Options you can’t set alerts, stop loss and orders?

DJ: Don’t know…

5) And last general question – Do you see more activities or less due to the credit crunch?

The credit crunch has made markets more volatile which has traditionally been good for our business.

Have a great weekend!

Hi all,

I was looking for a quote to buy some shares in Tesco and I was amazed to see the difference between IG Index and Paddypower. The spread for March at IG Index is 1.6 with Paddypower it is just 0.7! so you pay more than double with IG Index.

This is a real difference and it may sound pennies if you just put 1 pound but if you bet £100 per point you already give £90 more!

Always shop around to see who is offering the most competitive spread.