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Business FX Blog

Adam Solomon is a specialist in business foreign exchange issues at foreign exchange brokers TORfx.

The idea of this column is to assist businesses in saving money on making or receiving payments in foreign currency. It is developed with all companies in mind from public companies with large and complex operations, to smaller companies and individuals.

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Home Markets Market 2008 Capital Spreads: Leeds highlights growing popularity of financial markets

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Capital Spreads: Leeds highlights growing popularity of financial markets PDF Print E-mail
Written by Will Peters   
Monday, 08 February 2010 13:26

Spread betting clients in Leeds are well ahead of the rest of UK says Capital Spreads.

 


Spread betting provider Capital Spreads have today revealed that their clients in Leeds and the surrounding area performed 43 per cent better than the national average.

Capital Spreads, part of London Capital Group, reported a 54 per cent increase in new traders from the Leeds area during 2009, while the average growth across the rest of the country was 32 per cent.

>> See the Capital Spreads trading platform >>

The rapid development in recent years of Leeds as a business centre is credited with playing a large part in the increasing financial acumen of the region.

Capital Spreads said that has led to its impressive trading performance and the growing popularity of trading the markets.

Head of Capital Spreads Simon Denham said: “The nation as a whole seems to be developing a growing awareness of the financial markets and Yorkshiremen seem to be leading the way.”

He added that Leeds has made great strides to become one of the most rapidly developing financial centres in Britain.

“The performance of our clients from the region certainly appears to reflect this,” he said.

“Our traders from Leeds seem to be very measured in their investment approach – far more so than is the average in the UK – and don’t make the mistake of taking large risks for the sake of a quick buck.”

He said that Leeds clients are more adept at mitigating losses.

“The surge in the popularity of financial spread trading in the region appears to be correlated to its successful performance,” he added.


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>> See the Capital Spreads trading platform >>



Last Updated ( Monday, 08 February 2010 13:30 )