Female Trader Numbers Growing at City Index
LONDON, October 26, 2011 /PRNewswire/ --
Spread betting provider City Index (http://www.cityindex.co.uk/) has reported a significant rise in the volume of female traders over the last decade.
At the start of 2001, the ratio of male-female traders with City Index was 56:1. In 2007 this figure receded to 12:1 before the credit crunch forced it back to 40:1. Today, the ratio stands at 10:1, a figure which Chief Market Strategist Joshua Raymond described as being "consistent throughout the year."
Mr. Raymond stated: "Currently at City Index we see a far greater amount of male clients than female clients. However, over the last decade we have seen the number of women trading increasing. We have seen a strong correlation in the growth of new accounts of women traders to both bull and bear markets."
"On average, between 2001 and 2007, we saw an increase of 124%, year on year, of new women traders. However, from 2007 until early 2009, there was a fall of 71% in the amount of new women traders. This appears to indicate that despite the fact you can make money from bear markets by spread betting, by going short or selling prices, women appear to be more risk averse than men, and this may be why we saw a fall in the amount of new women traders between 2007 and March 2009 - a time when the FTSE 100 lost 48%."
Since then, City Index has seen a new rise in the number of its female clients. At a ratio of 10:1, the volume of male to female traders now stands at a similar rate to before the global financial crisis started.
Sandy Jadeja, Chief Technical Analyst of City Index, has also noted that female spread bettors tend to be more thorough with their research. "There are no gender barriers," says Mr. Jadeja. "Just over 12 years ago, the attendees at our spread betting seminars were 100 per cent male. Now that figure has dropped to about 70 per cent."
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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, CFD trading and, in the UK, spread betting.
We constantly look to 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. Visit http://www.cityindex.co.uk/ for more information.
SOURCE City Index