Investors Positive towards UK Banking Sector - IG's New Insight Platform Shows Customers Long on Banks

News provided by

IG Group

Feb 16, 2012, 07:17 ET

LONDON, February 16, 2012 /PRNewswire/ --

Data from Insight, the new market analysis platform from IG, show positive sentiment around UK banking stocks by users of its spread betting and CFD services. As full year results are set to be reported for both RBS and Lloyds Banking Group next week, IG's customer base are overwhelmingly long on the stocks, with 90% of trades expecting RBS's price to rise, compared with 91% for Lloyds Banking Group.  

The UK's largest spread betting and CFD provider has launched Insight as an online platform for market news and analysis. IG account holders can see the markets that IG's aggregated client base are dealing the most, check relative positions of individual markets, indices, foreign exchange or commodities, and view breaking news, with information aggregated from leading industry sources along with commentary from IG's dedicated team of analysts.

The platform is fully searchable by market, sector and geography, presenting information in an accessible way with dealing supported in-screen. For those needing extra help, Insight's knowledge pages support users with skills-building and developing expertise, including guidance on analysis, understanding technical terms and developing a dealing plan.

David Jones, chief market strategist at IG said: 'It's interesting to see the dealing positions our customers are taking in the UK banking sector are almost entirely long positions.  After the gains that Barclays saw on their results last week our customers are expecting more of the same from RBS and Lloyds.

"The new Insight platform from IG has something for everyone. From the professional trader to the new starter, we are ensuring that everyone can have essential data on markets at their fingertips.

"Our customers consistently rate the accessibility of our service and Insight adds to our platform with a powerful tool that gives everything you need to trade in one place, right down to the trading itself. Following our easy to read analysis and charts, it will be possible to see how people are positioned, giving customers the chance to go with the flow or take their own opposite views."

Top 5 client search terms on Insight

  1. Tesco
  2. Apple
  3. Gold
  4. EUR/USD
  5. FTSE

About IG Index:

IG Index is the world's leading financial spread betting provider, offering clients the ability to spread bet on over 8,000 shares listed on markets worldwide, along with indices, forex, commodities and treasuries. Established in 1974, IG Index is part of IG Group (IGG.L), which employs in excess of 900 people and has offices in 14 countries worldwide. For further information please visit http://www.igindex.co.uk or call +44 (0) 20 7896 0011.

For further information or to receive a guided tour of the Insight  product or a demo of IG's spread betting and CFD platforms:

Bree Sims or Ant Moore at FTI Consulting (IG PR agency)
+44(0)20-7269-7173/7267
[email protected] / [email protected]


SOURCE IG Group