City Index tightens major FX spreads

LONDON, Oct. 26, 2016 /PRNewswire/ -- City Index, a global leader in online trading, announced today that it has reduced its spreads across a wide range of FX pairs. AUD/USD, EUR/USD and USD/JPY will now be priced from just 0.5 pts and GBP/USD will be priced from 0.8 pts.

The move signals a shift from fixed to variable spreads in a change that promises to offer traders better value than ever before.

"Our decision to tighten our spreads on major FX pairs highlights our continuing commitment to delivering the best possible value to our traders," said Samantha Roady, President of Retail at GAIN Capital.

"Moving our FX spreads to variable allows us to better reflect available market liquidity, while lowering the overall cost of trading for our clients. Our new FX spreads are amongst the best in the market and reflect the substantial FX liquidity of our parent company, GAIN Capital, one of the world's largest retail brokers."

Traders can enjoy these new FX spreads now. Further details are available at: http://www.cityindex.co.uk/trading-forex/

About City Index

City Index is a world leader in CFD trading and spread betting (UK), delivering fair and transparent pricing and quality trade execution to retail investors across 10,000 FX, index, commodity and equity markets.

City Index is operated by GAIN Capital (NYSE: GCAP), a global leader in online trading services. GAIN Capital provides best in class electronic access to OTC and exchange-traded markets to a diverse client base of retail and institutional investors. Founded in 1999, the company today supports customers in over 180 countries via several globally recognized brands, including FOREX.com, City Index and GTX. GAIN Capital is headquartered in Bedminster, New Jersey, with a global presence across North America, Europe and the Asia Pacific regions. For further company information, visit www.gaincapital.com.   

SOURCE City Index