Archive for July, 2005

Is this a good time to dive in? You betcha

July 31, 2005guidfarr No Comments »

Tweet A bookmaker’s pain is usually a punter’s delight and with competition increasing, spreads are as competitive as they have ever been, says James Moore. Long term, the spread betting market is likely to consolidate with a handful of big firms dominating, just as is increasingly happening with fixed-odds bookmakers. But in the meantime punters […]

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Stability of markets fuels bets on the price of oil

July 19, 2005guidfarr No Comments »

Tweet IG Group, the spread betting firm founded by Conservative party benefactor Stuart Wheeler, said it had been taking more bets on oil price movements in recent months than on shifts in stock markets. The switch to oil price speculation came after a lack of volatility in global stock markets, the company’s chief executive Nat […]

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Spread-betting group yields 77% rise in pre-tax earnings

July 19, 2005guidfarr No Comments »

Tweet IG Group, the UK’s biggest spread-betting firm, enjoyed its busiest-ever day of trading on July 7, day of the London bombings, the company confirmed yesterday. IG, which relisted three months ago after being floated in 2000 and was then taken private by founder and Tory Party funder Stuart Wheeler, said current trading was strong […]

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Punters bearish on Dow, but still bullish on PartyGaming

July 19, 2005guidfarr No Comments »

Tweet Spread betting traders are going into Wednesday’s vital statement from Federal Reserve chairman Alan Greenspan with short positions in the Dow and US Treasury bonds. Bookmakers say that most punters seem to believe that the Dow is boxed in around 10,660, but some think that the FTSE100 index in London may manage to make […]

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Spread betters quit FTSE for oil thrills

July 19, 2005guidfarr No Comments »

Tweet Spread betting company, IG, yesterday said oil had replaced the FTSE 100 as its clients’ favourite market for a flutter. A lack of volatility in Britain’s stock market has made it unattractive to spread betting punters, who have turned to oil as a replacement thanks to the sharp swings in the price of a […]

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Fortunes made in hours of bombing

July 12, 2005guidfarr No Comments »

Tweet Thousands of retail investors joined sharp-witted institutions in making millions of pounds from the short-lived collapse in share prices that followed the terrorist strikes in London on Thursday. BP and Vodafone were among Britain’s largest companies that took advantage of the volatile markets to improve their balance sheets. Financial spread-betting firm City Index said […]

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Arbitrage Opportunity at Spreadex`1

July 12, 2005guidfarr No Comments »

Tweet Spreadex has been offering Sept Deutsche Telekom approx 20 points above IG, Fin and Cantor’s equivalent quote for a few days now. In fact Spreadex’s Sept price is higher than both their own Dec 2005 price and even March 2006 price! Maybe they know something that no one in the rest of the market […]

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Spread better IG Group’s current trading strong

July 12, 2005guidfarr No Comments »

Tweet LONDON (Reuters) – The country’s biggest spread-betting company, IG Group (IGG.L: Quote, Profile, Research), which relisted in April, said current trading was strong as it met forecasts with a 40 percent rise in underlying annual profit on Monday. “Since the end of the financial year all parts of the business have performed well and […]

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Markets open for Las Vegas’s big showdown

July 9, 2005guidfarr No Comments »

Tweet As the poker craze takes hold in Britain, spread betting company Cantor Index has opened its first markets on the World Series of Poker in Las Vegas. Cantor is offering a spread of 16 to 19 for the top British or Irish finisher in the main event, scheduled to end on around July 15. […]

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Terrorists fail to shake spread betting punters

July 9, 2005guidfarr No Comments »

Tweet Spread betting punters reckon Thursday’s terrorist atrocities will have little impact on the long term performance of Britain’s leading stock market index. While markets fluctuated wildly on the day of the attack, yesterday the spreads on the level of the FTSE 100 close on September 15, December 15 and January 1, 2006 had increased […]

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