LONDON, January 31, 2011 /PRNewswire/ -- Indices are the most widely traded markets in the world, with indices such as the UK 100 being one of the most popular among new traders. Spread betting and CFD trading provider City Index (http://www.cityindex.co.uk/) allows you to spread bet on major indices from across the globe, including the UK 100, Germany 30, US S&P, Wall Street, Japan 225 and Australia 200.
City Index currently offers 1 point spreads on the following major indices, which makes them a great place to start spread betting (http://www.cityindex.co.uk/spread-betting/):
UK 100
The share index of the UK's 100 highest stocks. As London is the financial centre of Europe, the UK 100 is Europe's most important index. The UK 100 represents around 80% of the London Stock Exchange's market capital.
Wall Street
The Wall Street index is based on 30 large US based, publicly owned companies. Unlike the UK 100, it is always the same 30 companies in the index, which is something to bear in mind when formulating your spread betting or CFD trading (http://www.cityindex.co.uk/cfd-trading/) strategy.
Germany 30
The Germany 30 is compiled by measuring the performance of the 30 largest German companies, based on order book volume and market capitalisation, and decided on quarterly review.
France 40
As with the Germany 30, the companies listed in the France 40 are included based on quarterly review. At each review, the companies listed on Euronext Paris are ranked by the previous 12 months' performance and forty are chosen for inclusion.
To find out more about spread betting on indices, visit City Index's guide here:
http://www.cityindex.co.uk/range-of-markets/indices-spread-betting.aspx.
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 for individuals in over 50 countries worldwide. We provide access to a wide range of instruments including margined foreign exchange, contracts for differences (CFDs) and, in the UK, spread betting.
We constantly look to widen the range of assets we offer, improve the performance of our platforms and expand the range of services we provide. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer service and support. For more information, visit http://www.cityindex.co.uk/.
Spread betting and CFD trading are leveraged products which can result in losses greater than your initial deposit. Ensure you fully understand the risks.
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