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Author Topic: 2013-04-09 IGMarket provides trades for Bitcoin  (Read 1326 times)
n8rwJeTt8TrrLKPa55eU
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April 09, 2013, 03:07:52 PM
 #1

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/2013/04/09/igmarket-provides-trades-for-bitcoin/
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Grouver (BtcBalance)
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April 09, 2013, 03:09:12 PM
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Awesome!

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April 09, 2013, 11:22:23 PM
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Huge!

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

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April 10, 2013, 02:07:00 AM
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Awesome news!  Smiley

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April 10, 2013, 07:05:09 AM
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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.

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April 10, 2013, 07:27:29 AM
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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 are quite peculiar financial instruments.  CFDs are very abstract derivatives, there is often no exchange of the underlying asset in anyway whatsoever.
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