City Index
 |
|
| Private | |
| Industry | Financial Services |
| Founded | September 1983 |
| Headquarters | London, United Kingdom |
|
Key people
|
Glenn Stevens (Chief Executive Officer) |
| Services | Financial Spread Betting (UK) and CFD Trading worldwide |
| Owner | GAIN Capital |
|
Number of employees
|
Over 800 worldwide |
| Subsidiaries | City Index Limited, Finspreads, Forex.com, Salt, GTX, Daniels Trading, Faraday Research |
| Website | www |
City Index Group is an award-winning spread betting, FX and CFD Trading provider based in the UK. City Index is part of GAIN Capital and is regulated by the Financial Conduct Authority. The company is headquartered in London and has offices in the United Kingdom, Australia, Singapore and Dubai.
City Index was founded by Chris Hales and Jonathan Sparke in September 1983 and started trading in March 1984 offering spread betting. In 2001, the company launched its CFD Trading function in the UK. During 2005, City Index Group acquired the IFX Group, in doing so procuring FX broker IFX Markets and spread betting provider Finspreads.com. The following year, the group opened offices in Sydney, Singapore and Shanghai to serve clients across the Asia Pacific region.
In 2008, City Index Group purchased FX Solutions, a US market leader in retail and white label foreign exchange services. 2009 saw City Index launch City Trading, the first spread betting and CFD trading application for the iPhone. This app was later also available on Blackberry and Android devices.
In Autumn 2012, City Index ran the Trading Academy - a six-week web series produced to demonstrate that with the right education, technical support, dedication and discipline, aspiring traders from a range of backgrounds and experience levels can be taught how to trade the financial markets.
In November 2014 the company was sold to US based rival Gain Capital for $118 million by Michael Spencer who had owned the company since it 1997 when he had purchased controlling interest from its original founders.
City Index Limited - Established in 1983 as one of Britain’s first spread betting providers, the company carried on growing - and in 2001 launched its Contract for difference (CFD) trading function in the UK.
Finspreads - Finspreads is a leader in interactive online spread betting starting in 1999 before it was acquired by the Group in 2005. City Index Group relaunched its updated Finspreads brand in January 2013.
...
Wikipedia