Spread betters have been reacting to the extreme market volatility by changing their betting habits.
In January, IG Group said currency and index bets had become more popular among its clients than the more traditional trades on individual stocks.
“The big equity traders have disappeared and they have been replaced by big forex and indices traders,” IG Group chief executive Tim Howkins said in January, as he reported strong profits for the company.
Spread betting firms have been profiting from the increased market volatility, reporting an influx of new clients in the past few months.
Both London Capital Group and IG Group said this year that profits have increased and client numbers have gone up.
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