Barclays’ launches Spread Trading service

Barclays has launched an online gambling service focused on the financial markets. The Financial Spread Trading service, launch by its stockbrokers division, is aimed at the public. Users will be able to speculate on the movement stock market indices, currencies and share prices.

The service has been launched in partnership with City Index, one of the longest-running spread betting firms operating in the City.

Barclays decided to launch the service after research showed that 40% of its customers already use or plan to use a financial spread trading service.

The group claims it is a tax-efficient way for investors to potentially make a profit on both upward and downward movements in prices. Profits from spread betting are not currently subject to capital gains tax or stamp duty.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here