Execution and pricing technology

Our technology is engineered for speed, stability and better prices  giving you the edge in a competitive environment.

How we provide fast, reliable execution

Our systems are built to cope with a huge number of trades very quickly:

  • Over 99% of automatic trades are transacted in 0.1 seconds or less*
  • Over 14 million orders accepted (Oct-Dec 2013)

And our robust platforms are engineered to cope with large volumes of traffic:

  • Over 36,000 unique daily web users (May 2014)
  • Over 31,000 daily mobile users (May 2014)

 

 

How we source the best prices

We source our prices from a large number of venues to make sure we give you the best price we can:

  • Our forex and some other market prices are sourced from top global banks and exchanges
  • We use primary exchanges like the ASX and our multi-venue technology to source shares prices from Chi-X Australia and other leading exchanges, including BATS and Chi-X Europe.
  • This means you get greater liquidity and can access the best prices from around the globe, and it means we can continue to quote even if an exchange goes down
  • We make our own prices for markets such as binaries and for out-of-hours markets

How we give you the best price

We guarantee we will never fill your trade at a level worse than the one you requested, and if the market moves against you when you click to trade, we'll ask you to resubmit your order rather than filling it at a price you don't want.

  • And when markets can change in milliseconds, our price improvement technology means if a better price becomes available as you click to trade, we may give you that price.
  • Our clients saved over £17.6 million thanks to price improvement (since 2013)

 

 

Which prices are live?

The majority of our prices are live for active clients.

For Australian share CFDs, prices will be delayed by 20 minutes, but within deal tickets prices will be shown live at the point of dealing. Clients have to subscribe to get continual live prices from within the platform – this does incur a fee from any exchange you subscribe to, but exchange fees are refunded if a minimum number of transactions are made in a month.

ProRealTime chart prices are also live, and incur a fee of $60 per month if clients subscribe. Again, this fee is refunded if at least four trades are transacted in a given month.

Live DMA price feeds are also chargeable, but refunded in the same manner.

DMA pricing technology

  • Best possible prices due to aggregated prices from multiple exchanges
  • Better execution thanks to increased liquidity
  • Technology that automatically hunts down the optimum prices
  • Free live price feeds from MTFs

How does it work?

When you are trading share CFDs and you click on one of the prices in our DMA platforms, the smart order routing technology immediately routes your order to the relevant venue. By routing your order across multiple order books it's more likely that your order will be filled, but you will only ever be charged one commission per order.

If your requested size and price is not available, your order will be routed to the primary exchange, where the greatest level of liquidity is generally available.

More about DMA

MTF lit books

Multilateral Trading Facilities (MTFs) provide visible order books in the same way primary exchanges do, so you can see the price and size of all orders and judge where you want to place yours. We combine these MTF lit books and the primary exchange order book to display a single, aggregated order book.

If you are using our L2 Dealer platform, you can view the individual order books for each exchange and MTF.

Dark pools

Our technology also connects you to the dark pools provided by MTFs like Chi-X Australia, Delta or BATS Europe’s Dark Pool. These are orders not displayed on the lit books but are available for you to trade against. Dark liquidity pools are often used by institutional investors who do not wish to reveal the price, size and origin of their orders.

This means that as well as the liquidity visible on the lit order books, trading share CFDs with IG gives you access to the non-displayed liquidity found in the dark pools. This means you can take advantage of even greater levels of liquidity, increasing the likelihood of your orders being filled and the potential for better prices.

Better prices

Previously, MTF lit and dark liquidity was only available to large institutional investors; we enable all CFD traders to access these new venues through our DMA trading solutions.

Security

All our platforms use top-level web security, so you can trade with confidence.

We utilise 256-bit SSL (Secure Sockets Layer) encryption, which is the industry standard for online financial transactions, from PayPal and eBay to major banking institutions.

 

 

Want to try the platform?

Get instant access to our web-based trading platform with our interactive preview – no login needed.

  • View live prices and market data
  • Analyse charts with technical indicators

Try our platform

Create an account

It’s free to open an IG account, and you could be trading in minutes.

Create account

* 99.23% of automatic trades executed by IG globally in 0.1 seconds, 12 months to May 2014.