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About Us: Press Releases
GFT Global Markets to Offer Spread Bets and CFDs on 29 Global Stock Indices with Highly Competitive PricingLONDON, 8 October 2007 - GFT Global Markets, a world leader in online derivatives trading, has increased its index offerings, further establishing the company’s global range of products for spread betting and CFD customers. The new initiatives include nine new indices, tighter trading spreads and competitive pricing, lower initial margins, as well as expanded “out of hours” trading on more indices. "Our goal of helping customers trade more markets for less, for a longer period of time, is only the beginning of the changes we are making to suit customers trading CFDs and spread betting stock index products,” said Simon Mansell, COO, GFT Global Markets. GFT Global Markets stock index offerings include: New markets Nine new global indices have been added, including the Korea 200, China H-Shares and Mexico 35. GFT Global Markets now offers 29 indices from more than 20 countries – among the most indices offered by any CFD or spread betting provider. Tighter spreads Overall spreads for index products have been reduced, and now begin at just 0.3 index points. The popular US SPX 500 cash index is now quoted at just 0.5 index points. Lower margins Initial margin requirements for all index products have been reduced by half or more. Customers can now trade with initial margins as low as 0.5% on indices including the German 30, France 40 and Australia 200. Expanded 24-hour trading GFT Global Markets’ popular “out of hours” trading has been extended to 16 of the most commonly traded index products, so customers can trade selected indices 24 hours a day. Markets with 24-hour trading include the UK 100, US SPX 500, Wall Street 30 and Japan 225. “Stock index trading is extremely popular right now, as it provides a way to take a position on the direction of a large group of shares with a single order,” said Mansell. “With the popularity of 24-hour trading in our other markets, such as spot forex, we knew that widening our trading hours for stock index CFDs and spread bets would provide even more flexibility and prove to be just as popular.” For full details on the index markets available, pricing and trading hours, please view our Market Information Sheets for CFDs at www.gftuk.com/cfd/market-info or spread bets at www.gftuk.com/spreadbetting/market-info. About GFT Global Markets UK Ltd. Based in London, GFT Global Markets UK Ltd. is a wholly owned subsidiary of the leading U.S. forex and futures dealing firm Global Futures & Forex, Ltd, and is related to the world-leading online forex dealing firm Global Forex Trading. This advantage allows GFT Global Markets to leverage the same pioneering trading technology and dealing practices GFT has developed since 1997. GFT Global Markets UK Ltd. provides the same award–winning trading technology as Global Forex Trading through DealBook® 360, which is designed for trading online spot foreign exchange trading, contracts for differences and financial spread betting. GFT Global Markets UK Ltd. is authorised and regulated by the Financial Services Authority. For more information, visit www.gftuk.com. CONTACT: |
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