City Index has today launched ‘Day Trades’, a new offering designed for day traders, which will give 50% reduced margins and 20% lower spreads compared to standard City Index Equities spread bet products.
City Index has today launched ‘Day Trades’, a new offering designed for day traders, which will give 50% reduced margins and 20% lower spreads compared to standard City Index Equities spread bet products.
City Index is thought to have incurred a £61.1m loss in the year to March 2009 as the company struggled with bad debts amidst the credit crunch.
As of 22nd November 2009, CityIndex will be reducing clients’ Margin Close Out Level from 100% to 80%.
Interesting to see the extent to which IG Index still dominates the market and that Cantor Index is now excluded from the traditional big four spread betting providers
CityIndex have updated their margin policy and introduced ‘Margin Close Out’, a new risk and margin management feature which they claim puts clients firmly in charge of their available margin and replaces margin calls…
Michael Spencer, the Conservative party treasurer, has been forced to inject £70m of his personal fortune into City Index after traders defaulted on tens of millions of pounds worth of trades.
A London-based spread-betting company is suing Limerick businessman Pat Mulcair for €1.8 million which was allegedly overpaid to him by mistake last June but has not been returned.
FX Solutions, LLC (www.fxsolutions.com) today announced the merger of IFX Markets Inc. into FX Solutions. Both companies are wholly owned subsidiaries of City Index Group.
City Index, a provider of trading services to individuals, has launched its new trading platform and website.
London-listed PartyGaming, the online gambling company, has launched an online trading platform for derivative-based transactions including financial spread-betting
CityIndex have also increased their margins due to ‘exceptional market volatility’…
City Index has started rewarding regular spread betting customers with free Airmiles…
City Index, a leading provider of retail derivative trading services including CFDs, FX and spread betting, is pleased to announce the acquisition of FX Solutions LLC
Execution-only broker TD Waterhouse has introduced a facility to make quarterly bets within its Financial Spread Betting service.
Clients of Finspreads have received the notice below, expected after City Index and IFX Markets (which formerly operated Finspreads) have merged.