LONDON, May 20, 2011 /PRNewswire/ -- The hotly awaited IPO of Glencore International launched spectacularly last week with the first day's volume of business being more than ten times the volume of the second most traded equity in the FTSE 100. Over GBP290 billion worth of shares were traded during the first day alone.
On Tuesday 24th May, Glencore International will start trading in the FTSE 100 and, for 1 week,WorldSpreads clients will be eligible to spread bet on this stock spread free.
WorldSpreads, who launched "Zero Spreads" in 2010, is happy to offer this spread free product to our existing Active and Platinum account holders from market open on Tuesday 24th May to market close on Tuesday 31st May.
Using the Friday 20th May closing price of GBP5.24 and based on the average client transaction size in Glencore, two round trips over the course of this week could save the average trader GBP154.
Spread betting (http://www.worldspreads.com) is a leveraged product and can result in losses that exceed your initial deposit.
WorldSpreads is a financial services company founded in 2000 that offers a range of services to retail clients, specifically Financial Spread Betting. The WorldSpreads Head Office is in London, and it has European offices in Dublin, Paris, Frankfurt, Stockholm, Copenhagen and Madrid. In 2008 it opened its first Asian office in Kuala Lumpur, Malaysia. It has partnerships in Hungary, Greece, Poland, Slovenia, South America and South Africa. The company is publicly listed on the London-based Alternative Investment Market (AIM) and is regulated in the United Kingdom by the Financial Services Authority (FSA).
SOURCE WorldSpreads UK