Spread Betting White-Label for Saxo Bank

London Capital Group, the online spreadbetting, forex and derivatives broking company which operates flagship site Capital Spreads, has signed contracts with Saxo Bank to provide the bank with a white label spread trading product. The trading platform, which will operate as saxospreads.com, is now live.

The deal is the latest in a string of white label contracts signed between London Capital and financial businesses. Last autumn it agreed two separate deals with betting groups Betfair and Paddy Power (through Paddy Power Trader).

Last month London Capital reported that trading for the year to December 31, 2008, was ahead of management expectations.

Thoughts: Another coup for London Capital Group this time it is Danish trading giant Saxo Bank which will operate on a white label arrangement. Naturally, Saxo Bank hopes that clients will be attracted to doing business with an international trading outfit that offers a one-stop shop…