Archive for October, 2004

UK bookies cash in on US election

October 29, 2004guidfarr No Comments »

Tweet BRITISH bookmakers and betting exchanges are set to take almost £20m worth of trades on the contest between George W Bush and John Kerry by the time the US Presidential election results come in on Tuesday night. Many high-flyers in the financial markets – including, it is rumoured, hedge fund billionaire George Soros – […]

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Betting boost for Irish spread betters

October 28, 2004guidfarr No Comments »

Tweet IRISH gamblers will now be able to bet with IG Index, the world’s largest financial spread betting firm. The company will advertise its products in the national press to educate customers about its services. Mr Murray said customers will also be able to pay with Lasercard, which may make the services more attractive in […]

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IG Index to sell spread bets in Ireland

October 27, 2004guidfarr No Comments »

Tweet IG Index, a global spread betting firm, today said it intends to target the Irish market. The company offers betting prices in a wide range of stock indices, currencies, commodities and options, as well as individual shares. The company today said it has had a number of Irish based clients on its books over […]

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Odds shorten on new listing for IG Index

October 24, 2004guidfarr No Comments »

Tweet IG Index, the spread-betting firm, could return to the stock market less than two years after being taken private by CVC Capital Partners, the private equity firm. CVC is understood to be looking at a possible flotation of IG as early as the first quarter of next year. The plans are believed to be […]

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Spread-betting volumes soar

October 23, 2004guidfarr No Comments »

Tweet EACH week, our spread betting round-up reveals the biggest bets being made by punters on shares, indices, currencies and commodities: THE last few days have seen spread-betting volumes soar. With action in everything from the Footsie index to oil it’s difficult to decide what to focus on. But yesterday it was cerainly Morrison’s shares. […]

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Developments at Delta Index

October 22, 2004guidfarr No Comments »

Tweet Extended Trading Hours for Elan Elan is now available for trading from 8:00 to 21:00. The market will be based on movement in the Elan share price in the Irish and US markets. Prices will be quoted in Euro. We don’t wish to brag but we are pretty sure that we are the only […]

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Forex trade lifted by high-worth individuals

October 22, 2004guidfarr No Comments »

Tweet The bulk of the global jump – a 27% surge from (pounds) 834bn in 2001 – can be put down to the greater number of foreign currency trades necessary in an increasingly globalised and interconnected world, along with a spike in the number of forex-betting hedge funds. James Parker, a forex trader with financial […]

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Bears still stalking oil, the FTSE and the dollar

October 20, 2004guidfarr No Comments »

Tweet Spread betting punters are persisting with bets aimed at making money from a reversal of the FTSE100’s recent out-performance against the Dow. The UK index has risen 5% relative to the Dow since the beginning of September, a move that many traders seem to think is not sustainable. Finspreads said that its clients have […]

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Exotic derivatives for the average Joe

October 9, 2004guidfarr No Comments »

Tweet SAN FRANCISCO (CBS.MW) — Exotic derivatives are going mainstream and down-market. HedgeStreet launched this week, offering what it calls “hedgelets,” which are akin to binary options but with a much lower price point: just $10 apiece, thereby carrying a much lower risk factor than other derivatives. Visit the site. The wagers themselves also carry […]

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