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Bitcoin => Press => Topic started by: n8rwJeTt8TrrLKPa55eU on April 09, 2013, 03:07:52 PM



Title: 2013-04-09 IGMarket provides trades for Bitcoin
Post by: n8rwJeTt8TrrLKPa55eU on April 09, 2013, 03:07:52 PM
This is big.  No official PR, and apparently not available on USA accounts, but confirmed as live for European accounts in UK and Spain.

Quote
IG Group is a world-leading provider of financial spread betting and CFDs. We are an established member of the FTSE 250 and have a market capitalisation of around £1.7 billion.

http://www.bitcoinrumors.com/wp-content/uploads/2013/04/bitcoin-on-IGmarket-1024x553.png

http://www.bitcoinrumors.com/2013/04/09/igmarket-provides-trades-for-bitcoin/


Title: Re: 2013-04-09 IGMarket provides trades for Bitcoin
Post by: Grouver (BtcBalance) on April 09, 2013, 03:09:12 PM
Awesome!


Title: Re: 2013-04-09 IGMarket provides trades for Bitcoin
Post by: marcus_of_augustus on April 09, 2013, 11:22:23 PM
Huge!

Can't believe more bitcoiners haven't picked up on this ... futures market for bitcoin from the establishment financial world, incl.  :D


Title: Re: 2013-04-09 IGMarket provides trades for Bitcoin
Post by: The Bitcoin Catalog on April 10, 2013, 02:07:00 AM
Awesome news!  :)


Title: Re: 2013-04-09 IGMarket provides trades for Bitcoin
Post by: solex on April 10, 2013, 07:05:09 AM
Don't get too carried away. Spread betting is just a form of gambling, not an investment strategy. You can't get delivery of bitcoins from this, as you can with futures and options.


Title: Re: 2013-04-09 IGMarket provides trades for Bitcoin
Post by: grondilu on April 10, 2013, 07:27:29 AM
Don't get too carried away. Spread betting is just a form of gambling, not an investment strategy. You can't get delivery of bitcoins from this, as you can with futures and options.

Agreed.  CFD (https://en.wikipedia.org/wiki/Contract_for_difference) are quite peculiar financial instruments.  CFDs are very abstract derivatives, there is often no exchange of the underlying asset in anyway whatsoever.