CFD Trading with City IndexBy City Index, PRNE
Tuesday, June 28, 2011
LONDON, June 29, 2011 -
CFD trading (
was conceived in the early 90s as a way of short selling on the
London Stock Exchange. Originally developed on the derivative desk
of London trading firm Smith New Court, it soon became a financial
speculating method available to individuals.
Part of the attraction of CFD trading was that it allowed a
trader to benefit from leverage and avoid stamp duty on any
profits, neither of which were options afforded by standard share
dealing. However, the leverage also meant traders could lose more
than their initial deposit.
trading also allowed - and continues to allow - traders to
speculate on markets without owning the underlying shares. This
meant CFD traders were able to sidestep the time-consuming and
expensive exercise of borrowing stock to trade on a declining
Since the 1990s, CFD trading has become increasingly accessible.
During the dot com boom, online trading platforms came to the fore:
by the turn of the century CFDs were widely available in the UK.
Most recently, in October 2009, href="www.cityindex.co.uk/">City Index enhanced the
industry further with the launch of its multi award-winning mobile
CFD trading platform - City Trading™.
To find out more about City Trading™, which is available for
iPhone™, Android, BlackBerry and many other mobile platforms,
betting and CFD trading are leveraged products which can result
in losses greater than your initial deposit. Ensure you fully
understand the risks.
Apple, the Apple logo, iPod, iPod touch, and iTunes are
trademarks of Apple Inc., registered in the U.S. and other
countries. iPhone is a trademark of Apple Inc. App Store is a
service mark of Apple Inc.
About City Index:
Today more and more individual traders are discovering the benefits
of derivatives, and many of them are discovering them through a
City Index trading platform.
As a group, we transact in excess of 1.5 million trades every month
in over 50 countries. We provide access to a range of instruments
including margined foreign exchange, href="www.cityindex.co.uk/cfd-trading/what-is-cfd-trading.aspx">
contracts for difference ( href="www.cityindex.co.uk/cfd-trading/how-to-trade-cfds.aspx">
CFDs) and, in the UK, href="www.cityindex.co.uk/spread-betting/">financial spread
We constantly look to improve the performance of our platforms and
expand our range of services. The result is our customers benefit
from innovative trading tools with transparent pricing, competitive
mobile trading and a high standard of customer support. For
more information, visit href="www.cityindex.co.uk/">www.cityindex.co.uk/
Contact: Joshua Raymond, City Index Group, Tel: +44(0)20-7107-7002, Email: joshua.raymond at cityindex.co.uk. Jonathan Smith / Alex Nekrassov, New Century Media, Tel: +44(0)20-7930-8033, Email: jsmith at newcenturymedia.co.uk / alexnekrassov at newcenturymedia.co.uk
Tags: City Index, June 29, London, United Kingdom