In the interests of expanding competition, ETX Capital has just announced variable spreads on six major currency pairs.
Despite its best efforts to establish a more tenable position in the UK trading markets City Index is still struggling and the organisation is in a state of flux. The latest news is that the company’s Chief Operating Officer, Simon Bird, is due to leave shortly. Simon Bird was previously based at Bear Stearns from […]
In a move designed to stimulate greater interest in the fast-paced side of the spread betting market, IG has decided to remove its custom bets, and replace them with Sprint Markets
IG generated strong year-on-year revenue growth in the United Kingdom, Europe and rest of world, offsetting declines in Australia and Japan.
If you have been keeping up with the news, you will know that the London Capital Group (LCG) has been going through some rough times recently. This is partly because spread betting is becoming more established, and with this maturity is a decline in the exceptional growth which the industry…
UK based ETX Capital is a comparatively late entry into the international CFD and financial spread betting markets, and is making its mark, focusing on trans-European expansion. It started expanding into Europe with CFDs in late 2010, and also hit the African continent in early 2011, providing service to South Africa. Because of its success, […]
While some spread betting providers are capturing growing markets in this expanding business, others are still having a rough time. London Capital Group Holdings has seen profits plummet over 60% to £300,000 in the first half of this year.
Following on our recent report that the IG Group profits were only slightly up, IG has plainly decided to become more aggressive in maintaining its position in the financial markets.
Spreadex has posted its results for the interim year, posting another year of growth in both turnover and group profit for the year ending 31 May 2013.
IG Group has declared its results for the financial year ending in May, and the response has been mixed. On the one hand, profits were up slightly by 3% to £141.7m, but on the other the revenues were down.
July has been an important month for long-established BetOnMarkets, with two major pieces of news. The pioneer in fixed odds financial betting products has announced the addition of a number of individual stocks from the UK, US, Germany, and India to its list of markets on which you can bet on.
Spreadex have announced a number of cuts to some of their forex markets.
In a somewhat surprising development, Cantor Index has announced that it is ceasing its non-single equity financial spread betting offering as of Friday, 15th March, 2013.
IG Group reported in its Interim Management Statement that the Group’s revenues have risen from £75.1m to £88.6m for the third quarter, 18% ahead of the prior year.
Dublin-based financial spread betting provider MarketSpreads has rebranded itself as Shelbourne Markets from today.