Spread-Bets Boom Sees Ig Leap 30% in Volatile Times

Evening Standard - London › July 21, 2009

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Summary

PUNTERS are betting on the movements in stock-market indices and in the currency markets like never before, according to Britain's biggest spreadbetting firm IG Index.

And the volatility in financial markets which has attracted increased volumes of financial bets has sent IG's revenues soaring 40% and profits leaping 30% to Pounds 125 million in the year to the end of May.

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Extract

Spread-Bets Boom Sees Ig Leap 30% in Volatile Times

The growth in spread betting has seen the number of recruits in the UK alone running at up to 500 a month with 34,000 individuals in Britain activel...

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