Tag Archives: spread betting
- IG Group restricts volatile Sprints product to existing customers
January 25, 2017
The UK’s leading spread betting outfit will no longer offer certain products to new customers following UK regulators imposing new restrictions on the sector. On Tuesday, the FTSE-listed IG Group released interim results covering the six months to November 30, showing net trading revenue up 14% to a record £245m...
- Spread betting shares tumble on new UK restrictions
December 6, 2016
Spread betting firms saw their share prices tumble on Tuesday after the UK’s financial watchdog proposed stricter rules for the sector. On Tuesday, the Financial Conduct Authority (FCA) announced new restrictions on selling contracts for difference (CFD) products to retail customers who may not understand the full ramifications of their...
- UK financial watchdog publicly shames spread betting firms; CMC IPO is go
February 2, 2016
The UK’s top financial watchdog has publicly warned spread betting firms that they appear to be “failing to do enough to prevent financial crime.” On Tuesday, the Financial Conduct Authority (FCA) issued a ‘Dear CEO letter’ to firms offering spread betting, contracts for difference and ‘rolling spot’ foreign exchange products...
- Cantor Gaming inks 188BET, Cantor Index shunts punters to Spreadex
March 24, 2013
Cantor Gaming & Wagering Ltd. (UK), the betting offshoot of financial services giant Cantor Fitzgerald, has inked a deal to provide financial fixed odds betting for Isle of Man-registered online bookies 188BET. Nigel Singer, 188BET’s managing director, said the financial fixed odds offering would be a good complement to 188BET’s...
- Betable inks Flesher; UK wants social gaming to police itself; social spread betting
January 18, 2013
Betable, the San Francisco-based company that has carved out a niche providing an easy bolt-on back-end for social gaming companies looking to enter the real-money gambling world, has signed former Zynga man Jonathan Flesher as executive VP of business development. Flesher was a key figure in bringing about Zynga’s real-money...
- Spreadex can’t collect from five-year-old; Kakavas can’t collect from Crown casino
May 23, 2012
This week, the UK financial services authority confirmed that almost all 15k clients of collapsed spread-betting firm Worldspreads would qualify for compensation. For around 80 high-end clients, the statutory compensation scheme will cover the first £50k; anything over that will have to be reclaimed from a pool established by administrators....