 City Index
www.cityindex.co.uk
Overview: Established in 1983, City Index is part of IPGL Limited, substantial shareholders in ICAP, one of the world’s biggest money brokers. Operating around the globe, City provides access to thousands of instruments on the world’s financial markets, with real time prices updated every second. Advanced trading tools along with investor research and education ensure that their clients are always ready to react to market movements, supported by their knowledgeable customer service team.
Markets: City Index is one of the UK’s leading providers of spread betting and Contracts for Difference (CFD) trading.
Stock Indices: Markets based on stock indices offer many interesting trading opportunities. Clients are able to take positions on whether an index will rise or fall over a period. This can be useful if you don't have a view about specific shares but feel that the market as a whole will move in a certain direction. Stock indices offered are: Daily FTSE, FTSE Future, Daily Wall Street, Wall Street Future, Daily S&P, Daily DAX, DAX Future, Daily CAC, CAC Future, Daily NAS and NAS Future. Daily Rolling Bets are also available.
Equities: The City Index equity desk has seen dramatic growth over the past five years. You can choose to trade on thousands of individual UK, US and European stocks, taking full advantage of the benefits of spread betting. The FTSE 350 companies are available although others are available on request. US equities available are quoted on the NYSE and NASDAQ and normally have a market capitalisation greater than US $1 billion.
Currencies: At City you can speculate on 14 or more of the major currency pairs being traded in the world today. City quotes on currencies from both of the world’s main exchanges, the IMM and FINEX. You can place a bet on any direction for as little as £1/point, depending on the currency. Daily rolling bets are also available.
Precious metals: You can speculate on a number of precious metals, including gold, silver and palladium with City Index, either over the phone or via the web site. These instruments are also offered at times outside the normal market pit-traded hours. You can also bet on palladium and HG copper.
Commodities: City quotes prices on UK Brent Crude or the American West Texas Intermediate (WTI). You can bet up to three months in the future on what the price of a barrel of oil will be on that date. It also quotes on all the main commodities markets, including: LDN cocoa, NY cocoa, LDN coffee, NY coffee, LDN sugar, NY sugar, corn, pork bellies, wheat, orange juice, soyabean oil, soyabean meal and IPE brent crude.
Other markets available: Bonds can be bought and sold like any other market and reflect the movement of the corresponding underlying bond future market. Interest rates are a market like any other. So if you want to trade on the movements of UK interest rates - perhaps to hedge your mortgage payments, for instance - you can bet on the ‘Short Sterling’ future.
For more information on City Index’s markets: http://www.cityindex.co.uk/spread_betting/markets/deposit_account_markets.aspx
Products: Binary betting is a new type of betting that was first introduced into the UK in 2003 providing an exciting alternative to financial spread betting. It gives you the option to decide whether an event will occur or not and hence can only have two outcomes. Will the FTSE 100 close up at the end of the day - yes or no? Will the Wall Street close up more than 50 points today - yes or no? As there are only two possible outcomes, the make-up (result) of each City Index binary market can only be 0 or 100. Hence, if the event does occur the City Index binary market will make up at 100, and if it does not occur the make up will be 0. So with the FTSE close up market, if it does close up the make-up is 100, and if it does not the make-up is 0. See http://www.cityindex.co.uk/binary_betting.aspx for more details.
City Index offers Contracts for Difference (CFDs), a type of product loved by high stakes punters. It is the smart investor’s way to trade shares without having to pay the full price of owning the stock. A CFD is an agreement to exchange the difference between the opening and closing value of the trade (they are what are called ‘margined products’). You only deposit a fraction of the overall value of the trade (typically 10%), allowing you to make a much larger potential investment than if you were buying the shares. So for example, £1,000 would be needed to buy a CFD in £10,000 of shares. A £500 profit on the deal would equate to just a 5% return if you bought the shares outright; compare this to a return of 50% with a CFD. However, losses are magnified in exactly the same way. So, with a CFD you receive many of the benefits of share ownership (such as dividends and price performance) but you don’t actually own the share. For more info on trading CFDs through City Index go here: http://www.cityindex.co.uk/cfd_trading.aspx
City’s new mobile trading service means you never need to be far away from the action, with access to the latest prices and the ability to trade in real time, all from your mobile phone or PDA.
Size: The don’t come much bigger than City Index. Operating around the globe, City provides trading services to retail and small institutional clients from offices in London, Singapore, Shanghai, Sydney, and Boston. When you open an account with them you will benefit from the knowledge that you are trading with one of the biggest, safest institutions in the spread betting market.
Links:
City Index seminars: http://www.cityindex.co.uk/seminars.aspx
What is spread betting: http://www.cityindex.co.uk/spread_betting/what_is_spread_betting.aspx
Daily market podcasts at 8.30am and 2.30pm: http://www.cityindex.co.uk/podcast.aspx
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