LCG receives three preliminary approaches to buy business with Cantor Fitzgerald Europe, GAIN Capital, and City Index all being potential suitors

London Capital Group (LCG) has launched a new white label trading platform in collaboration with execution-only broker Selftrade, a UK-based subsidiary of European online stockbrokers Boursorama, one of Europe’s leading online stockbrokers and part of the Société Générale Group.

London Capital Group and KAX Media have announced a collaboration for a new financial spread betting service called CitySpreads.

ETX Capital has announced that it has started quoting a grey market for the much-awaited Manchester United Initial Public Offering and will be offering clients the opportunity to take positions on the football club’s shares ahead of their listing on the New York Stock Exchange,

The Central Bank has removed its suspension on the trading license of Marketspreads, permitting the spread betting firm to re-open for business.

Grant Thornton confirms that client monies at MarketSpreads are segregated and intact.

A number of parties have expressed interest in acquiring some of the assets of WorldSpreads Group; the disgraced financial spread betting provider.

IG Group, CMC Markets and London Capital Group, three of the country’s largest spread betting providers have called for stricter oversight of their industry following the collapse of smaller rival WorldSpreads.

Both IG Group and London Capital Group have stated that they have no commercial contracts of any nature with WorldSpreads and don’t have any direct financial exposure to the company.

WorldSpreads will be wound up after the discovery of a serious accounting fraud that left up to £13 million missing from its clients’ accounts.

Spread betting provider WorldSpreads Group suspended its shares from trading on Friday over possible financial irregularities identified just two days after the sudden resignation of its chief executive and co-founder.

WorldSpreads Group Plc announced Wednesday that CEO Conor Foley has resigned from the Board of WorldSpreads with immediate effect to pursue other interests.

On Monday several individuals were accused in London’s Southwark Crown court of having been participant in a one million pound fraud scheme while having access to private bank documents in one of the largest insider dealing cases ever brought forward by the FSA.

Following the collapse of brokerage firm MF Global, we now know that as part of the winding down process the UK client list of MF Global has been passed on to a former rival spread betting form: Spreadex.

I don’t remember receiving an email about this,, but I got a call yesterday from a pleasant lady at Cantor Index to tell me about the new trading platform they had been working on.