Financial spread betting company WorldSpreads says August was the busiest trading month in its history.

WorldSpreads is celebrating a year since the UK based financial spread betting slashed its trading costs to zero for Platinum clients who deposit a minimum of £5,000 in their spread trading accounts.

CMC Markets registered a pre-tax loss of £23.7m for the year ending March 2011, up from £13m in the previous year.

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.

Gekko Global Markets Ltd., a London-based spread betting company which was established in 2008, has been reported to have recruited Anita Paluch from ETX Capital to help the company develop its German operations.

Spread betting provider Pan Index has reportedly been fined €40,000 by the Central Bank of Ireland after it was found to have breached European regulations by failing to check that clients were suitable to trade CFDs before they were permitted to sign up for the service.

IG Index has followed Spreadex in announcing that it has experienced its busiest ever month in terms of client transactions. Persistent global market turbulence has led to unprecedented levels of volatility

Spreadex has witnessed bet levels surge by over 28% following record trading activity in August.