.cfd Domain Information
Applicant Full Legal Name
IG Group Holdings PLC
Public Limited Company and constituent of FTSE250
CANNON BRIDGE HOUSE
25 DOWGATE HILL
LONDON EC4R 2YA
Incorporated in England and Wales, with registered number 04677092
Applied for gTLD
Mission/Purpose of Domain Extension
THE MISSION AND PURPOSE OF THE NEW RESTRICTED .CFD gTLD IS TO BENEFIT INTERNET USERS BY ENSURING INCREASED TRUST, USER CONFIDENCE AND UTILITY THROUGH PROVIDING BETTER PRODUCT KNOWLEDGE AND THE ELIMINATION OF USER CONFUSION. The .cfd gTLD will create a new generation gTLD serving the interests of... Read more
THE MISSION AND PURPOSE OF THE NEW RESTRICTED .CFD gTLD IS TO BENEFIT INTERNET USERS BY ENSURING INCREASED TRUST, USER CONFIDENCE AND UTILITY THROUGH PROVIDING BETTER PRODUCT KNOWLEDGE AND THE ELIMINATION OF USER CONFUSION.
The .cfd gTLD will create a new generation gTLD serving the interests of end users by providing an authoritative Internet space where information about contracts for difference trading (CFDs), services and resources of the IG Group Holdings plc (IG Group). .cfd will communicate some key information on CFD trading, how to securely trade in CFDs and offer internet users the possibility to trade. The .cfd gTLD will be closely controlled by IG Group. The majority of the anticipated domain name registrations in.cfd will be used in the promotion and communication of CFDs as a transparent and viable investment opportunity offered by IG Group, and more in particular its brand IG Markets, its affiliates and partners that are associated with the product. A subset of domain names has the potential to be created for communication and marketing purposes, with internet users assured of the legitimacy of the product offered by IG Group, IG Markets, its affiliates and partners. Second and third level domains will possibly include geographical names to provide relevant information to customers in specific regions.
IG Group was established in 1974, has its headquarters in London and operates globally with 14 global offices in several European countries, Japan, Singapore and Australia. IG Group is listed on the London Stock Exchange, is a member of the FTSE 250 and has a market capital value of GBP 1.7 billion (as at October 2011). IG Group is a world-leading provider of financial derivatives., divided into several individual brands that cater the needs of its clients. IG Markets, as part of the IG Group, offers CFDs to a global audience. and has accumulated numerous awards as a CFD provider over the past years including Winner of the Smart Investor Blue Ribbon award for 2011 (recommended for 2010, 2009 and 2008), Winner of TheBull ‘Stockies' Awards in 2011, 2010 and 2009, Canstar Cannex 5 star ratings for 2009. IG Group has currently secured several domain names such as cfddeal.co.uk, cfddeal.com, cfdonline.co.jp, cfds.co.nz, cfdtradingguide.com to offer secure trading in CFDs to internet users. .cfd gTLD will increase customers' trust in CFDs as a transparent and viable investment product offered in a secure environment by a world-leading provider.. The .cfd gTLD will allow IG Group to provide CFD resources and potential services to online customers in a secure, interactive and authoritative internet space.
New products and investment opportunities are increasingly offered over the internet, presenting customers with a wider choice of easy and accessible investment products. As a result, both businesses and end users can benefit from ease of interaction and a wider range of choices with lower transaction costs. However, the development in this arena in the current domain name system has exposed both businesses and consumers to confusion in an often crowded and bewildering marketplace and increased criminal activities over the internet, including data breach, hacking and phishing. These sophisticated criminal activities cause reputational damage to businesses as internet users lose consumer confidence and trust with the businesses targeted by such criminal activities. The .cfd gTLD will facilitate greater trust and assurance from internet users, potentially offering CFD services and reliable educational content relating to CFD trading in a secure online environment provided by IG Group, whilst still allowing convenient and efficient interaction.
IG Group's mission and purpose of the proposed new gTLD share ICANN's initiatives to promote public interest. IG Group is committed to contribute towards achieving such initiatives in line with ICANN's Affirmation of Commitments, which includes:
-consumer trust: the .cfd gTLD registry will be operated in a centralised manner with a restrictive registration policy. Registration of domain names will only be available to IG Group and its affiliate entities, at the initial stage, which will provide added consumer trust that .cfd domain names are trustworthy, offering consumer confidence in service delivery via a trusted provider in the market. As .cfd domain names are subject to registration standards, policies and procedures under IG Group's control, this eliminates the possibility of malicious conduct within the .cfd domain space;
-competition: the proposed new gTLD is not directly intended to instigate competition and consumer choice at the level of registration of domain names. Instead it is anticipated to contribute to ICANN's initiatives to promote public interest through its operation focused on promoting consumer trust. Increased trust in .cfd will drive existing and new top level domain (TLD) registry operators to make improvements in mechanisms to improve consumer trust of their TLDs; and
-consumer choice: the proposed new gTLD will enable user-driven improvements and innovations assisting IG Group's efforts to inform consumers regarding CFDs as a safe and secure trading instrument through its ability to create new second and third level domain names on demand. These names will provide the consumers with more informed choices for trading CFDs and interacting with IG Group. As IG Group has effective control over the registration and use of domain names under .cfd domain space, this will also contribute towards general service innovations on the internet as a new outlet for improved services.
Given the restricted nature of.cfd, the projected number of registration is likely to be limited. It is anticipated that only about 5 - 15 domain names will be registered in the first few years. However, over the next few years, the number of registrations is likely to increase as IG Group develops and implements new services and marketing campaigns.
As the new .cfd gTLD expands and evolves, IG Group may consider offering the use of second level domain names to its core customers to login and use IG Group's trading tools and trading platforms to trade CFDs in a secure environment at a later date. In this endeavour, IG Group will continue to comply with all operational, technical and policy requirements, as well as maintaining consumer trust and the stability of the internet. IG Group will keep ICANN reasonably informed of any material developments relating to .cfd gTLD including compliance with the continued operations instrument obligations as set out in Specification 8 of the Registry Agreement.
IG Group intends to create relevant domain names for use including brand, services and sub typesin the second or third level domain names. In accordance with registration policies and the proposed measures for protection of geographic names as outlined in response to Question 22, IG Group will possibly use geographic names to localise its websites in the countries in which it operates (currently 15 countries). The use of geographic names is intended to connect internet users with relevant information as applicable to the territory and comply with required rules and regulations in the national territory.
Further, IG Group has existing domain names containing the word "CFD" in the following spaces:
gTLDs: cfddeal.com, cfdtradingguide,com, idealcfd.com, idealcfds.com, igcfd.com
ccTLDs: cfddeal.co.uk, cfdonline.co.jp, cfds.co.nz, idealcfd.co.za, idealcfds.co.uk, idealcfds.co.za, igcfd.co.uk,
Although the word "CFD" may have several meanings, IG Group will use.cfd only in respect of trading in financial derivatives, and more in particular CFD, as a flexible alternative for other types of trading. IG Group will not utilize the proposed gTLD to support or conduct business in other industries where the word "CFD" is used such as in conjunction to fluid mechanics, involving fluid flows.×
18(B)I. WHAT IS THE GOAL OF YOUR PROPOSED gTLD IN TERMS OF AREAS OF SPECIALTY, SERVICE LEVELS OR REPUTATION? The key goals of the proposed new .cfd gTLD are in line with ICANN's Affirmation of Commitments: to promote consumer trust, competition and consumer choice. IG Group also seeks to foster... Read more
18(B)I. WHAT IS THE GOAL OF YOUR PROPOSED gTLD IN TERMS OF AREAS OF SPECIALTY, SERVICE LEVELS OR REPUTATION?
The key goals of the proposed new .cfd gTLD are in line with ICANN's Affirmation of Commitments: to promote consumer trust, competition and consumer choice. IG Group also seeks to foster and further strengthen the reputation of CFDs as a legitimate, secure and alternative investment opportunity and provide an authoritative internet space through which IG Group is able to communicate with its customers directly and effectively and educate potential customers concerning the product. The ability to create domain names on demand related to specific marketing, specialty service and product development supports these goals. Strengthened security measures, service levels and more effective functionality will provide a trusted and positive user experience.
18(B)II. WHAT DO YOU ANTICIPATE YOUR PROPOSED gTLD WILL ADD TO THE CURRENT SPACE, IN TERMS OF COMPETITION, DIFFERENTIATION, OR INNOVATION?
It is anticipated that the proposed .cfd gTLD will make positive contributions to the wider internet community by providing:
DIFFERENTIATION (INCREASED TRUST):
The .cfd gTLD will simplify how internet users trade with CFDs and interact with IG Group as a legitimate provider of CFD trading by providing a distinctive domain space. Internet users will be able to directly navigate to .cfd gTLD site, saving time and resources searching for a secure and legitimate site offering CFDs as a transparent and viable investment opportunity. The current domain name system has shown that it is vulnerable to malicious abuses due to registration of domain names which seek to exploit consumer confusion and offer fraudulent products. IG Group can address some of these vulnerabilities by maintaining complete control over the domain names registered under the .cfd domain space thus assuring customers that the offered CFDs are secure and legitimate. Together with consumer trust, internet users will be able to rely on the authoritativeness of the domain names under .cfd domain space, which will differentiate interaction between internet users and IG Group.
The differentiation of .cfd gTLD as a trusted site for trading CFDs via IG Group will drive existing and new TLD registry operators to make improvements in mechanisms to improve consumer trust of their TLDs. Internets users will be encouraged to interact with domain names under .cfd domain space. As a result, .cfd will have a flow on effect to enable increased competition. Therefore, the benefits of the proposed .cfd will be distributed not only to its direct customers, but to the internet community at large forcing improved services and competitive pricing in the market place.
With the expansion of the internet community, the existing TLD structure presents limitations, not only in the availability of domain names for registrants, but also to businesses offering an online product to meet their evolving business needs. It is often difficult to register a domain name in existing domain space due to unavailability of the desired name. This problem is amplified for organisations like IG Group who work across many different jurisdictions and geographical markets. Even when the desired domain name is available, it may come with a high price tag associated with a purchase of such desired name from a third party. IG Group has the ability to create second or third level domain names including the use of geographic names which are relevant to its customer base and will enhance effective trading in CFDs Domain names under the .cfd will provide a business development opportunity for IG Group to communicate with its customer base by presenting reliable information in a timely and user friendly manner through the use of easy to remember domain names. IG Group will be able to combine its use of the domain space with innovative user focused education and information and services to address the currently unmet needs in the existing domain name system providing greater consumer choice and security.
The proposed .cfd will provide a positive user experience, which meets the changing and growing needs of the global internet community. IG Group will maintain control in the registration and use of domain names and will ensure that the new gTLD will only be used for purposes authorised by IG Group. Therefore, .cfd gTLD will:
- provide an easy, secure and intuitive reference and access point for internet users;
- represent authenticity thus promoting user confidence;
- direct internet users to relevant information in a timely manner by creating domain names on demand;
- use geographic names to localise its websites to connect with internet users in the relevant regions and to comply with local laws;
- enhance security and minimise security risks by implementing necessary technical and policy measures;
- strengthen product knowledge and user confidence by eliminating user confusion; and
- prevent potential abuses in the registration process reducing overall costs to businesses and users.
.cfd should address the concerns that the current domain name system is open to potential malicious abuse and user confusion in the registration processes. Although the current system allows an eligible party to lodge a claim through existing Uniform Domain Name Dispute Resolution Policy (UDRP) or other dispute resolution processes, the .cfd gTLD will reduce potential abuses in the registration processes and overall costs to internet users. User confidence in the domain name system will be strengthened, which will ultimately contribute towards promoting ICANN's core values in benefiting the public interest.
18(B)IV. PROVIDE A COMPLETE DESCRIPTION OF THE APPLICANTʹS INTENDED REGISTRATION POLICIES IN SUPPORT OF THE GOALS LISTED ABOVE.
The proposed registration policy is attached in response to Question 28.
Only affiliate entities of IG Group will be eligible to register domain names in .cfd at this stage. The domain name registration processes will address the requirements mandated by ICANN, including rights abuse prevention measures.
18(B)V. WILL YOUR PROPOSED gTLD IMPOSE ANY MEASURES FOR PROTECTING THE PRIVACY OR CONFIDENTIAL INFORMATION OF REGISTRANTS OR USERS? IF SO, PLEASE DESCRIBE ANY SUCH MEASURES.
IG Group is committed to protection of privacy and confidential information in accordance with its objective of increasing consumer trust and providing a safe and legitimate internet space for internet users. Privacy and confidential information will be protected in accordance with all applicable laws and regulations relating to internet security, privacy and user's confidential information, including the Data Protection Act 1998 (UK). IG Group complies with all relevant requirements and standards for the trading (in financial derivatives) industry including the Directive 2006/73/EC (EC) for compliance with Markets in Financial Instruments Directive (MiFID) and all applicable regulations and requirements governed by the Financial Service Authority (UK) as the regulator of the financial services industry in the UK.
- collection of information
- use and disclosure of information
- storage of information collected
- access to information held by the IG Group
Privacy is of fundamental concern to most of IG Group's customers as the interaction between IG Group and its customers involve transaction of large sums of money. As such IG Group has a strong interest in ensuring a high level of privacy protection for its customers.
IG Group will deploy Domain Name System Security Extensions (DNSSEC) which is intended to benefit both IG Group and its users interacting with IG Group online. DNSSEC provides additional security by validating information in the transmission, therefore it is intended to benefit those who publish information in the domain name system (DNS) and the users who retrieve information from the new .cfd gTLD. IG Group already implements measures to protect privacy or confidential information of its users against misuse, loss, alteration and unauthorised access. Such measures include a combination of secure computer storage facilities and paper-based files and other records.
IG Group will continue to apply all security measures currently implemented and will comply with all other policies and practices required by ICANN in the Registry Agreement and any relevant Consensus Policy for protecting the privacy and confidential information of registrants and users in the new .cfd domain space.
18(B)VI. DESCRIBE WHETHER AND IN WHAT WAYS OUTREACH AND COMMUNICATIONS WILL HELP TO ACHIEVE YOUR PROJECTED BENEFITS.
The proposed new gTLD will be publicised by a media plan to promote recognition of the new gTLD within the internet community to be a trusted site and as a sign of authenticity.
During the initial stage of the operation of the proposed new gTLD, it is anticipated that internet users will be re-directed to current websites. However, over time, it is foreseen that communication to the internet community of the existence of the proposed new gTLD and encouragement to utilise the trusted site will contribute towards minimising malicious abuses and protecting internet users.×
Operational Rules and Cost Benefits
As a restricted gTLD, registration will only be open to internal users (affiliate entities) at this stage and no third parties will be able to register domain names under .cfd domain space. Therefore, it is not anticipated that third parties will incur costs in relation to the .cfd gTLD. The... Read more
As a restricted gTLD, registration will only be open to internal users (affiliate entities) at this stage and no third parties will be able to register domain names under .cfd domain space. Therefore, it is not anticipated that third parties will incur costs in relation to the .cfd gTLD. The affiliate entities wishing to register domain names must ensure that all the policy requirements for registration are satisfied.
No unaffiliated third party will be permitted to register domain names at this stage. It is estimated that time and money spent by consumers who have been targeted by malicious abuse in utilising trading platforms on the internet will reduce over time as a result of the new, trusted .cfd gTLD.
18(C)I. HOW WILL MULTIPLE APPLICATIONS FOR A PARTICULAR DOMAIN NAME BE RESOLVED, FOR EXAMPLE, BY AUCTION OR ON A FIRST-COME/FIRST-SERVE BASIS?
The initial use of the proposed new gTLD will be restricted to internal business use and IG Group and affiliate entities are intended to be the registrants under the .cfd gTLD. Therefore conflicts between multiple applications are not anticipated to occur.
18(C)II. EXPLAIN ANY COST BENEFITS FOR REGISTRANTS YOU INTEND TO IMPLEMENT (E.G., ADVANTAGEOUS PRICING, INTRODUCTORY DISCOUNTS, BULK REGISTRATION DISCOUNTS).
This gTLD will be used for internal purposes only, at this stage, so pricing incentives are not applicable or relevant.
18(C)III. NOTE THAT THE REGISTRY AGREEMENT REQUIRES THAT REGISTRARS BE OFFERED THE OPTION TO OBTAIN INITIAL DOMAIN NAME REGISTRATIONS FOR PERIODS OF ONE TO TEN YEARS AT THE DISCRETION OF THE REGISTRAR, BUT NO GREATER THAN TEN YEARS. ADDITIONALLY, THE REGISTRY AGREEMENT REQUIRES ADVANCE WRITTEN NOTICE OF PRICE INCREASES. DO YOU INTEND TO MAKE CONTRACTUAL COMMITMENTS TO REGISTRANTS REGARDING THE MAGNITUDE OF PRICE ESCALATION? IF SO, PLEASE DESCRIBE YOUR PLAN.
This gTLD will be used for internal purposes only, at this stage, so pricing incentives or pricing increases are not applicable or relevant as no additional fees are to be charged.×
Is this a Community-based TLD?
Is this a Geographic-based TLD?
Protection of Geographic Names
IG Group Holdings PLC is not currently planning to utilise geographic names at the second and other levels in the applied-for gTLD. However, and notwithstanding the absence of geographic names in IG Group Holdings PLC's forward planning and use intentions, IG Group Holdings PLC has considered the... Read more
IG Group Holdings PLC is not currently planning to utilise geographic names at the second and other levels in the applied-for gTLD. However, and notwithstanding the absence of geographic names in IG Group Holdings PLC's forward planning and use intentions, IG Group Holdings PLC has considered the requirements necessary should it, at a later date, seek to obtain ICANN approval for the use of geographic names as follows:
REGISTRY AGREEMENT - SPECIFICATION 5 CRITERIA
§2 The reservation of two-character label string may be released to the extent that Registry Operator reaches agreement with the government and the country-code manager. The Registry Operator may also propose release of these reservations based on its implementation of measures to avoid confusion with the corresponding country names.
§5 the reservation of specific country and territory names may be released to the extent that the Registry Operator reaches agreement with the applicable government(s), provided, further, that Registry Operator may also propose release of these reservations, subject to review by ICANN's Governmental Advisory Committee and approval by ICANN.
IG Group Holdings PLC generally respects and abides by the GAC's Principles regarding New gTLDs, dated March 28, 2007. In order to comply with the requirements of the Registry Agreement, Specification 5, all Two-character labels (§2) and Country and Territory Names (§5) will be initially reserved.
However, IG Group Holdings PLC believes that the use of geographic terms can provide great benefit and simplicity to internet users because these terms are intuitive ways to resolve to content that may be specifically relevant and targeted to users in the particular geographic region or users with an interest in the particular geographic region. IG Group Holdings PLC intends to use any Two-character label and/or Country or Territory Name domains, and to participate in or implement a process by which any Government may reasonably object to that use. IG Group Holdings PLC envisions a number of possible scenarios for ensuring Government agreement to the use of Country and Territory names. These will be explored in detail with ICANN and the Governmental Advisory Committee to ensure a mutually agreeable solution. Scenarios range from at a minimum; IG Group Holdings PLC informing the Chair of the Governmental Advisory Committee (GAC) to ICANN in writing of its proposed use of geographic terms and provide Governments who wish to do so with an opportunity to block the use of their relevant name in the .cfd TLD. Other plausible scenarios would include;
SCENARIO 1 (LETTER TO GAC)
In advance of any use of geographical names IG Group Holdings PLC will send a letter to the chair of the Governmental Advisory Committee (GAC) informing the GAC of its intention to use geographical names in the .cfd TLD. The letter will outline the reasons for using geographical names and provide Governments with the opportunity to contact IG Group Holdings PLC within 90 days to reserve their respective geographical name from use in the TLD. Should a Government inform IG Group Holdings PLC that it wishes to reserve the use of their respective geographical name, the name will remain reserved for the duration of IG Group Holdings PLC's registry agreement with ICANN. The opportunity to reserve a name will be offered to Governments free of charge.
SCENARIO 2 (LETTER INFORMING INDIVIDUAL GOVERNMENTS)
In advance of any use of geographical names IG Group Holdings PLC will send a letter to the Government concerned and inform it of IG Group Holdings PLC's intention to use geographical names in the .cfd TLD. The letter will outline the reasons for using geographical names and provide the Government with the opportunity to contact IG Group Holdings PLC within 90 days to reserve its respective geographical name from use in the TLD. Should the Government inform IG Group Holdings PLC that it wishes to reserve the use of its respective geographical name, the name will remain reserved for the duration of IG Group Holdings PLC's registry agreement with ICANN. The opportunity to reserve a name will be offered to the Government free of charge.
SCENARIO 3 (LETTER REQUESTING PERMISSION FROM INDIVIDUAL GOVERNMENT)
In advance of any use of geographical names IG Group Holdings PLC will send a letter to the Government concerned and inform it of IG Group Holdings PLC's intention to use geographical names in the .cfd TLD. The letter will outline the reasons for using geographical names and request the Government's approval or non-objection to the proposed use of the geographical name. Should the Government not respond to the IG Group Holdings PLC within 90 days, IG Group Holdings PLC will understand this to mean that the Government does not object to IG Group Holdings PLC's proposed use of the geographical name. However should the Government at a later stage contact IG Group Holdings PLC and request that the geographical name no longer be used, IG Group Holdings PLC will work in good faith with the Government to try to find a mutually agreeable solution.
Alternatively, however, should the Government at a later stage contact IG Group Holdings PLC and request that the geographical name no longer be used, IG Group Holdings PLC will work in good faith with the Government to try to find a mutually agreeable solution. If such a solution cannot be found IG Group Holdings PLC will respect the Government's wishes and reserve the name from use without cost to the Government concerned.
IG Group Holdings PLC will not use geographic names until ICANN has approved such use.×