Tag Archives: spread betting

Alternative betting exchange Spiffx to launch IPO

Start-up betting exchange Spiffx is to launch its IPO on the Nordic Nasdaq OMX next month as it aims to establish itself as the main alternative exchange, used by both high value bettors and sportsbooks. Spiffx has developed a system as yet unseen in the betting industry by using tools normally found in the financial markets, providing punters with a …

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KPMG – Numerous buyers interested in failed Alpari

KPMG has been appointed administrator of failed online spread betting firm Alpari, sponsors of East London football club West Ham United. The spread betting firm closed its operations this week, after it was severely hit by the Swiss Central Bank scrapping its franc’s peg to the euro currency. The decision by the Swiss Central Bank created volatile trading conditions, which …

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Second quarter revival for spread betting firm

Spread betting operator IG says its first half performance has recovered after a strong second quarter for the firm. A ‘very subdued first quarter’ had threatened to derail the group’s progress, but it managed to post an 8% increase in net trading revenue to £197.4m and a slight 2.8% rise in profit before tax to £101.4m. Chief executive Tim Howkins …

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IG Group reports yearly growth

Financial spread betting operator IG Group posted full year or year growth, reporting net trading revenues of £370.4 million (€468.5 million/$632 million), up 2.4% on the £361.9 million achieved in the previous year. The spread betting operator posted net revenues of  in £194.7 million up 1.3% on 2013 figures (£192.2 million) The FTSE 250 company, which has a market capitalisation …

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Spreadex sees annual profit rise of 30%

Spread betting and fixed odds operator Spreadex has seen profits rise by nearly 30% according to the latest financial accounts filed at Companies House. The firm, which offers sports betting and financial trading from one account, posted profits before tax of £18.5m from turnover of £35.4m for the year ending 31 May 2014. Spreadex, originally formed in 1999, has seen …

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