![]() In 2020 INTL FCStone acquires GAIN Capital, becoming the StoneX Group. 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. ![]() ![]() 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. This app was later also available on Blackberry and Android devices. 2009 saw City Index launch City Trading, the first spread betting and CFD trading application for the iPhone. In 2008, City Index purchased FX Solutions, a US market leader in retail and white label foreign exchange services. ![]() The following year, the group opened offices in Sydney, Singapore and Shanghai to serve clients across the Asia Pacific region. During 2005, City Index acquired the IFX Group, in doing so procuring FX broker IFX Markets and spread betting provider. In 2001, the company launched its CFD Trading function in the UK. History Ĭity Index was founded by Chris Hales and Jonathan Sparke in September 1983 and started trading in March 1984 offering spread betting. The company has offices in the United Kingdom, Australia, Singapore, and Poland. City Index is part of the Nasdaq listed StoneX Group and is regulated by the Financial Conduct Authority in the UK, The Australian Services and Investment Commission in Australia and Monetary Authority of Singapore (MAS) in Singapore. City Index Limited,, Daniels Trading,Ĭity Index is a global spread betting, FX and CFD Trading provider.
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