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31st Jan 2013

iFXEXPO Asia and the rise of Gold Trading

I-river attended the annual B2B showcase for capital markets brokers in Macau, China last week. A great time was had by all with some very informative panels and discussions taking place over the 3 days.

 

Of particular note to myself was the evident rise of gold trading brokers within the Peoples Republic, but more generally worldwide search volumes for stocks and shares terms have been increasing faster than for Forex and CFD’s. Futures and options on the institutional side are also on the rise with retail binary options providers cutting in on that volume.

 

If you would like more detail or stats on the above please do get in touch.

 

15th Nov 2011

UK financial spread betting and CFD trader numbers edge towards 100,000

 

Despite the worsening economic outlook in Europe and around the world, the number of spread betters and CFD traders continues to rise in the UK. 88,000 people used financial spread betting in the 12 months to July 2011, up from 83,000 in October 2010. 26,000 used CFDs, 1,000 more than in 2010.

Based on a detailed online survey of 12,296 traders, the 2011 Financial Spread Betting and Contracts for Difference Report is the largest and most comprehensive study of retail leveraged trading markets in the UK.

‘Traders take full advantage of the flexibility offered by spread betting and CFDs. The short term nature of these instruments and the ability to take short as well as long positions means that many traders thrive on volatility,’ said Pawel Rokicki, Investment Trends Senior Analyst. And this appears to have continued in the second half of 2011. ‘We ran our study in July, but we hear from the brokers that August saw a surge in trading activity and the number of new accounts open, so it is virtually certain that the 100,000 mark has now been reached,’ said Rokicki.

The inflows of new traders are likely to remain healthy. As of July 23,000 people intended to start spread betting within 12 months. Based on conversion rates from previous studies run by Investment Trends, between 16,000 and 20,000 new spread betters are likely to act on this intention. Similarly, the CFD market is likely to see about 10,000 new entrants in that period.