Archive for the ‘Industry Happenings’ Category

MF Global UK Division enters Administration

October 31, 2011Janice No Comments »

The UK division of international broker-dealer MF Global has collapsed into administration, leaving more than 700 staff at London’s Canary Wharf facing possible redundancy.

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Star Sports in partnership with WorldSpreads

September 22, 2011Janice No Comments »

Star Sports, a private UK bookie targeted at the high end of the sports betting market has launched a new financial spread betting service in collaboration with the WorldSpreads Group.

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Pan Index to Close

July 27, 2011Andy 1 Comment »

Financial spread trading company Pan Index will close on July 29th 2011, Finanical-Spread-Betting.com has learned

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Former Head of Echelon Wealth Management Barred from Future Directorship

April 18, 2011Peter No Comments »

A former head of a Glasgow financial spread betting operation that went into liquidation in the middle of the financial crisis with debts amounting to £30 million has been banned from holding a directorship role for 9 years.

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London Capital to raise 8 Million Pounds from Placing

March 22, 2011Andy No Comments »

Financial spread betting and CFDs provider London Capital Group Holdings Plc announced this morning that it intends to raise up to 8 million pounds ($12.8 million) to strengthen its balance sheet

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City Index fined by FSA over failure to report trades

January 21, 2011Andy No Comments »

Spread betting and CFD provider City Index Ltd was fined £490,000 for failing to report transactions to the FSA. This was the latest in a series of fines on banking institutions and brokerage companies for not keep proper records.

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CMC Markets Stops Quoting Quarterly Bets Futures

November 2, 2010Andy No Comments »

Word is out that CMC Markets has stopped taking quarterly bets. Apparently, without much fanfare CMC have circulated an e-mail amongst affected clients about this change. The operator on the phone said it was a ‘business decision’…

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Betfair IPO and IG Index

October 18, 2010Janice No Comments »

Amid the increasing interest in the Betfair float, IG Index has stated that it is increasing its spread on the stock due to the massive overbalance of buy orders.

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Simon Denham and Liam Howlett – Celebrities?

September 15, 2010Janice No Comments »

Simon Denham, the high-spirited head of spread betting firm Capital Spreads seems to have taken the celebrity path to fame…

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Worldspreads signs deal with 188BET

July 20, 2010Andy No Comments »

Financial spread betting company WorldSpreads stated this morning that its UK subsidiary has signed an exclusive agreement with 188BET to provide a financial spread betting service to its clients worldwide.

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Ladbrokes unveils Spread Betting Offering

June 14, 2010Janice No Comments »

Ladbrokes has finally launched its long anticipated financial spread betting offering, in collaboration with WorldSpreads.

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IG Index Ad questions Conservative-Liberal Democrats coalition

May 15, 2010Peter No Comments »

Financial spread betting provider IG Index has launched a national and regional print ad campaign around the consequences of the United Kingdom’s General Election result

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CVC Capital Cashing its Chips: Selling $90 mln stake in IG Group

May 11, 2010Janice No Comments »

Private equity firm CVC Capital has sold half of its shareholdings in UK spread betting firm IG Group, worth about 58 million pounds ($89.7 million), dealers reported on Tuesday.

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IG Group Receives Regulatory Approval for Nadex

April 2, 2010Janice No Comments »

IG Group has announced that it has finally received approval from regulators allowing it to launch operations in the USA

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Ladbrokes in partnership agreement with WorldSpreads

February 18, 2010Andy No Comments »

WorldSpreads Group plc has announced that it has entered into an exclusive agreement with Ladbrokes plc (‘Ladbrokes’) to provide its financial spread betting service…

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