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IG Markets, Inc., Worldwide Leader in Online Trading, Opens Shop in United States


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#1 whipsaw

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Posted 24 March 2009 - 09:11 AM

IG Markets, Inc., a subsidiary of IG Group Holdings plc, recently opened its first United States location in Chicago, IL, bringing with it a host of new products for North American traders. The liquidity provider will offer: online trading of spot foreign exchange, options on foreign exchange, metals and binary options all on one platform.

IG Markets offers traders <img border="0" src="http://www.tom-next....row.right.png"> <span class="readon">binary options</span>, a product new to U.S. traders, which allows clients a fixed and fully transparent approach to risk. In addition, IG Markets has a free, easy-to- use trading platform with: advanced ProRealTime® charting capabilities, competitive spreads, and up to 700:1 leverage with no minimum deposit size required to open an account.

Rod Drown, chief executive officer of IG Markets said, “We are excited to be bringing new products and a new approach to trading to the United States at this time when American traders are especially receptive to financial innovation and transparency.”

Binaries are the most transparent and fixed way for educated traders to get thinking and trade amidst today’s volatile market. Trading binary options involves taking a position about market trends and/or events – and choosing either “yes” or “no”. There are only two payout possibilities; for example, an individual could buy a contract that predicts gold will expire above a strike price of $942.00. If the individual is correct, the payout is 100 percent; if not, it is zero percent.

“As a part of IG Group, we have the financial backing of a very large and well managed publicly traded company whose financials are open to the public and can be viewed by our clients at any given time,” said Drown. “The ability to view the financial strength of IG Group should put some restless minds at ease. It is important, once you decide to invest, especially in today’s economy, to thoroughly investigate the financial strength of a broker before handing over your money. If you cannot find those numbers, you are better off steering clear.”

IG Group was founded in the United Kingdom in 1974 and has offices in the: United Kingdom, Australia, Singapore, France, Germany, Spain and now in the United States. IG Group and its subsidiaries represent one of the oldest and most recognized global brands in the financial services industry.

About IG Markets

Chicago-based IG Markets, Inc. is registered as a Futures Commission Merchant with the Commodity Futures Trading Commission and is a member of the National Futures Association. IG Markets, Inc.’s parent company, IG Group Holdings plc, is listed on the London Stock Exchange and is a part of the FTSE 250 (symbol IGG.L).


Source: Business Wire/ IG Markets
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