Archive for March, 2012

MarketSpreads Settles Dispute

March 29, 2012Janice No Comments »

Spread betting provider MarketSpreads has settled its dispute with two ex-executives who purportedly diverted funds from the company to another enterprise they were involved in.

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WorldSpreads Assets Attract Bid Interest – KPMG

March 20, 2012Andy No Comments »

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

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Bigger Providers call for more Regulatory Oversight

March 20, 2012Peter No Comments »

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.

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CMC Markets to close Irish Office

March 19, 2012Janice No Comments »

CMC Markets intends to close its Dublin offices and merge the operation of its Irish business into its London headquarters.

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London Capital and IG Group distance themselves from WorldSpreads

March 19, 2012Andy No Comments »

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.

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WorldSpreads placed in special Administration by FSA

March 19, 2012Peter No Comments »

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

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WorldSpreads Shares Suspended in Probe

March 16, 2012Peter No Comments »

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.

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ETX Capital: Increase in Account Openings and Younger Traders

March 15, 2012Janice No Comments »

Privately owned ETX Capital has released a press statement today outlining how it has experienced a healthy 35% growth in account openings in 2011 compared with 2010 as more speculators turned to trading CFDs and spreadbets.

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City Index moving to Daily Funded Trades

March 15, 2012Tony Loton No Comments »

I received an email from City Index yesterday informing me that (among other things) from 14 April they will be offering Daily Funded Trades or DFTs in the place of Daily Rolling markets.

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IG’s Q3 revenues rose 1.5%

March 14, 2012Peter No Comments »

IG Group Holdings plc released an Interim Management Statement where it stated that revenue for its financial third quarter ended March 12th amounted to about £75m, an increase of 1.5% from the £74m in the corresponding period last year.

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WorldSpreads CEO resigns

March 14, 2012Peter No Comments »

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

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FSA Accuses Seven Individuals of Insider Trading

March 7, 2012Janice 1 Comment »

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.

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CMC Markets launches Android trading app

March 3, 2012Andy No Comments »

CMC Markets has launched a dedicated Android spread betting application to compliment its existing iPhone and iPad trading platforms.

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