Embargo: 2300hrs on Saturday 9th April
Roubaix, France, 9 April - IG Markets, the international market-maker in financial derivatives and Official Partner of Team Sky, today announced the launch of the IG Markets Pro Cycling Index.
IG Markets has teamed up with leading sports statistics provider, Opta to produce a new pro cycling global ranking system to identify the world’s best cyclists - the IG Markets Pro Cycling Index.
Using IG Markets’ understanding of how markets work, combined with Opta’s knowledge of sports data, the Index aims to provide cycling fans, the media and stakeholder groups with a new groundbreaking way of ranking the world’s best.
The IG Markets Pro Cycling Index sources results from the top international road races across the season and uses more inputs than other systems. Primarily, it is designed to reward moments of brilliance alongside months of consistency. Races are ranked on their prestige and their importance to cycling fans with wins rewarded far more than placings. Bonuses are rewarded for winning with panache or repeat victories.
Olly Stevens, Head of Marketing, IG Markets commented: “We are really excited about this new offering and believe it will give cycling fans a new way to understand who is the best cyclist in the world. At IG Markets we pride ourselves in understanding how markets and indices work so it is a natural extension of our exciting sponsorship of Team Sky. We hope everyone likes it and look forward to people’s views”
Dave Brailsford, Team Principle, Team Sky said: “it is great to see our new partner IG Markets developing their sponsorship and investing in the sport. I’m sure fans will be intrigued to see a new way of ranking the world’s best cyclists.”
The Index will go live before this year’s Tour de France and will run on a rolling 12 month basis. It will be available to view on www.igmarkets.com/cycling/procyclingindex, and will be updated regularly during the Grands Tours, major stage races and one-day races. Users will be able to view the exact breakdown of how races are tiered and how points are earned. Regular editorial comments will give further insight into the reasoning behind the number of points rewarded to a specific rider.
For further information contact the IG Markets Media Club representatives:
Kate Richens + 44 7974 563 343
Phil Sheehan + 44 7875 402441
About IG Markets:
IG Markets is an international market-maker in financial derivatives, offering clients the ability to trade on over 8,000 shares, indices, currencies, commodities and treasuries from markets across the globe. IG Markets is part of IG Group (IGG.L), which employs in excess of 900 people and has offices in 14 countries worldwide. For further information please visit www.igmarkets.co.uk or www.iggroup.com, or call +44 (0) 20 7896 0011.
About Team Sky:
Team Sky was created by BSkyB in February 2009 to support Sky’s work as Principal Partner of British Cycling, and to build on the principles that have made British riders a consistent success on the track. The aims were: to inspire people of all ages and abilities to get on their bikes through the team’s positive profile, attitude and success; add further support to competitive cycling in Great Britain; and to win the Tour de France within five years. Stakeholders in the team now include Sky Italia and News Corporation and Official Partners include adidas, Pinarello, and Gatorade.