How Has the Identity of the Financial Trader Changed?

Oct 15, 2011, 04:00 ET from City Index

LONDON, October 15, 2011 /PRNewswire/ --

In the last decade, there has been a clear shift in the profile of the average trader. Joshua Raymond of spread betting provider City Index (http://www.cityindex.co.uk/) considers how backgrounds have altered over time. "Ten years ago, the standard spread bettor would be 45 years old, male and have actively worked in the city. Today, they are slightly older at 48, still male and with a share dealing background but their backgrounds are much more diverse."

"For every banker opening an account there are two engineers. For every engineer there is a chartered surveyor. For every chartered surveyor there is a taxi driver and so on and so forth. The point here is that the standard profile of a spread bettor has and will continue to change over time. Indeed, over the last 18 months this diversification has gathered pace and this merely emphasises the growth within the industry."

The change in identities for spread bettors is likely due to the greater accessibility of spread betting. Thanks to changing technology, such as the prevalence of smartphones such as Apple's iPhone™, it is easier for traders to trade whatever, wherever, whenever. City Index offer a dedicated spread betting iPhone app, City Trading™, for spread betting and CFD trading on the move.

To learn more about the range of mobile trading platforms offered by City Index, visit: http://www.cityindex.co.uk/trading-platform/

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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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, CFDs and, in the UK, spread betting.

We constantly look to improve the performance of our platforms and expand our range of services. The result is that our customers benefit from innovative trading tools with transparent pricing, competitive spreads, and a high standard of customer support. Visit http://www.cityindex.co.uk/learn-to-trade/ for more information on financial trading.

SOURCE City Index