Finspreads

Last updated
Finspreads
Industry Financial services
Founded1999 (1999)
Headquarters London, United Kingdom
Services Financial Spread Betting
Parent City Index Group (2005–present)
Website www.finspreads.com

Finspreads is a London-based [1] online financial spread betting firm [2] [3] that offers customers access to various instruments on the world's financial markets through online and mobile trading platforms. [4] [5] Along with IFX Markets, FX Solutions and City Index Limited, it is a trading name of City Index Group. [4] [6] [7] [8]

Contents

Background

Finspreads first offered interactive online spread betting in 1999, [4] [9] [10] before the company was acquired by the City Index Group. [4] [11]

Trading platform

Finspreads has stated that its goal is to "make spread betting as straightforward as possible for every trader, whatever their level of experience". [4] [11]

The company also offers an eight-week training program, the Finspreads Trading Academy Course to help customers better understand spread betting. [11] [12]

Spread betting iPhone app - In 2010 Finspreads developed an iPhone app. [13]

Related Research Articles

In finance, a contract for difference (CFD) is a legally binding agreement that creates, defines, and governs mutual rights and obligations between two parties, typically described as "buyer" and "seller", stipulating that the buyer will pay to the seller the difference between the current value of an asset and its value at contract time. If the closing trade price is higher than the opening price, then the seller will pay the buyer the difference, and that will be the buyer's profit. The opposite is also true. That is, if the current asset price is lower at the exit price than the value at the contract's opening, then the seller, rather than the buyer, will benefit from the difference.

Bwin.Party Digital Entertainment was an online gambling company, formed by the March 2011 merger of PartyGaming plc and Bwin Interactive Entertainment AG. Formerly the world's largest publicly traded online gambling firm, it was best known for its online poker room PartyPoker, World Poker Tour and its sports betting brand Bwin.

Playtech plc is a gambling software development company founded in 1999. The company provides software for online casinos, online poker rooms, online bingo games, online sports betting, scratch games, mobile gaming, live dealer games and fixed-odds arcade games online. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">IG Group</span> British online trading company

IG Group Holdings plc, trading as IG Group, is a United Kingdom-based online trading provider, offering access to spread betting and CFD trading, which allow traders to bet on the direction of equities, bonds and currencies without owning the underlying assets.

Direct market access (DMA) is a term used in financial markets to describe electronic trading facilities that give investors wishing to trade in financial instruments a way to interact with the order book of an exchange. Normally, trading on the order book is restricted to broker-dealers and market making firms that are members of the exchange. Using DMA, investment companies and other private traders use the information technology infrastructure of sell side firms such as investment banks and the market access that those firms possess, but control the way a trading transaction is managed themselves rather than passing the order over to the broker's own in-house traders for execution. Today, DMA is often combined with algorithmic trading giving access to many different trading strategies. Certain forms of DMA, most notably "sponsored access", have raised substantial regulatory concerns because of the possibility of a malfunction by an investor to cause widespread market disruption.

<span class="mw-page-title-main">Electronic trading platform</span> Software for trading financial products

In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary such as brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone-based trading. Sometimes the term trading platform is also used in reference to the trading software alone.

<span class="mw-page-title-main">CMC Markets</span> British foreign exchange company

CMC Markets is a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference (CFDs) and foreign exchange across world markets. CMC is headquartered in London, with hubs in Sydney and Singapore. It is listed on the London Stock Exchange.

<span class="mw-page-title-main">Matchbook FX</span>

Matchbook FX was an internet-based electronic communication network for trading currency online in the Spot-FX or foreign exchange market. It operated between 1999 and 2002.

<span class="mw-page-title-main">MetaTrader 4</span> Electronic trading software

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker's customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts.

<span class="mw-page-title-main">City Index Group</span>

City Index is a global spread betting, FX and CFD Trading provider. City Index is part of the Nasdaq listed StoneX Group and is regulated by the Financial Conduct Authority in the UK, The Australian Services and Investment Commission in Australia and Monetary Authority of Singapore (MAS) in Singapore. The company has offices in the United Kingdom, Australia, and Singapore.

Sporting Index is a British-based company specialising in sports spread betting. It claims an estimated UK market share of over 70%. The company is best known for spread betting; offering a wide variety of sports, politics and showbiz events, as well as a portfolio of unique virtual games. The betting firm also provides a Fixed Odds service. Business-to-business trading and risk management services are also offered to international betting and gaming operators under the Sporting Solutions brand.

OvalX is a British financial services product providing financial derivatives trading such as contracts for difference (CFDs) and financial spread betting and, As of 2020, corporate brokerage services.

GAIN Capital was a US-based provider of online trading services, headquartered in Bedminster, New Jersey until it was acquired by StoneX Group in 2020. The company provided market access and trade execution services in foreign exchange, contracts for difference (CFDs) and exchange-based products to retail and institutional investors. Trading was provided via one of two electronic trading platforms, its own proprietary FOREXTrader PRO later renamed as StoneX Pro and MetaTrader 4. GAIN Capital allowed retail and institutional clients to speculate on global foreign exchange markets in what is known as ‘margin forex trading’.

Social trading is a form of investing that allows investors to observe the trading behavior of their peers and expert traders. The primary objective is to follow their investment strategies using copy trading or mirror trading. Social trading requires little or no knowledge about financial markets.

Hirose Financial UK is a UK-based retail foreign exchange broker that provides foreign exchange trading on margin through its own online trading platform called LION Trader and through MetaTrader 4. It is a subsidiary of Japanese foreign exchange company Hirose Financial that provides online trading services.

<span class="mw-page-title-main">Plus500</span> British international financial firm

Plus500 is a global fintech firm providing online trading services in contracts for difference (CFDs), share dealing, futures trading and options on futures. The company has subsidiaries in the UK, Cyprus, Australia, Israel, Seychelles, Singapore, Bulgaria, Estonia, the United States and Japan. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

ActivTrades is a UK-based brokerage firm providing an electronic trading platform to trade Forex, Contracts for Difference (CFDs), and spread betting. It provides services to retail and institutional traders via the electronic trading platforms ActivTrader, MetaTrader 4 and MetaTrader 5.

<span class="mw-page-title-main">Interactive Brokers</span> American financial services firm

Interactive Brokers LLC (IB) is an American multinational brokerage firm. It operates the largest electronic trading platform in the United States by number of daily average revenue trades. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, funds, and some cryptocurrencies.

HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India. HDFC Securities was founded in year 2000 and is headquartered in Mumbai, with branches across major cities and towns in India.

Entain plc, formerly GVC Holdings, is an international sports betting and gambling company. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. It owns brands such as bwin, Coral, Ladbrokes, PartyPoker and Sportingbet.

References

  1. ↑ "Company website" . Retrieved 25 January 2017.
  2. ↑ "Finspreads". IBTimes Broker Center. Archived from the original on 20 February 2012. Retrieved 11 March 2010.
  3. ↑ "Interactive Investor launches spread betting" (PDF) (Press release). Interactive Investor. 10 February 2005. Retrieved 11 March 2010.
  4. 1 2 3 4 5 "Finspreads (profile)". Trade2Win web site. Trade2Win Ltd. Retrieved 11 March 2010.
  5. ↑ "Finspreads at Which Spreads". Which Spreads. Retrieved 12 March 2010.
  6. ↑ Richardson, Andy. "The Inside Scoop into Finspreads..." Financial Spread Betting: A Trader's Guide. Retrieved 11 March 2010.
  7. ↑ Jaworski, Alexa (February 18, 2008). "FX Solutions Bought by City Index; Adds Web 2.0 Platform". Securities Industry News. Retrieved 12 March 2010.
  8. ↑ Owen, Christopher (1 July 2008). "PartyGaming launches financial spread-betting service". Wealth Bulletin. FinancialNews Ltd. Retrieved 12 March 2010.
  9. ↑ "The Gate retains £2m City Index media account". Brand Republic. Haymarket Media. 6 November 2006. Retrieved 11 March 2010.
  10. ↑ "Finspreads (profile)". Clean Financial. 15 January 2009. Archived from the original on 8 July 2011. Retrieved 12 March 2010.
  11. 1 2 3 "Finspreads (profile)". 247Bull.com. Interactive Media Ltd. Archived from the original on 7 July 2011. Retrieved 12 March 2010.
  12. ↑ "Back to School". Shares magazine. November 8, 2007. Archived from the original on 9 March 2012. Retrieved 12 March 2010.
  13. ↑ "Finspreads iPhone app on iTunes App Store". 18 June 2010.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.