Playtech have confirmed in their companies annual report that they are working on a new financial betting platform. As early as the beginning of 2012 rumours were abound that the software provider company was working on a new platform for financial spread betting however were not confirmed at that time by Playtech.
But late last week Chief executive officer Mor Weizer said that extensive research into the possibilities for a new financial betting platform had shown that such a binary option service would be popular in the market, constituting a viable & revenue generating standalone service for Playtech licensees.
The financial spread betting sector already has many offerings for operators and has seen one or two of those platforms collapse because of competition, however, Weizer pointed out that these were focused on different demographics, creating an opportunity for his company & its licensees.
“The conversion rates between such a sports betting audience & financial betting present a great opportunity for operators, not only to maximise the returns from players, but to approach a larger audience.” Weizer said.
Showing posts with label Spread betting. Show all posts
Showing posts with label Spread betting. Show all posts
March 18, 2013
March 13, 2013
Spread Betting Used to Act on Inside Information – Trader Prosecuted By FSA
The Financial Services Authority has brought charges in the UK against an individual for acting upon inside information and generating a net profit of £591,117 from trading between September 2007 and July 2008.
43 year old Richard Joseph has been found guilty of 6 counts of conspiracy to deal as an insider. He has been sentenced to four years on each count, which will be served concurrently.
Joseph, a former futures trader, was provided with confidential and price-sensitive information from two investment banks concerning proposed or forthcoming takeover bids. The confidential and price-sensitive information was provided to Richard Joseph by Ersin Mustafa, a print room manager at JP Morgan Cazenove. During the time that he was trading Richard Joseph transferred a substantial amount of money to Ersin Mustafa.
Attempts were made to disguise the receipt of this information including the use of numerous Pay As You Go mobile telephones – one of which was purchased using a false name and address – and webmail “drop boxes” where confidential documents containing price-sensitive information were placed for Joseph to access. Having received this information, Joseph then placed spread bets in the expectation that when the information became public knowledge the share price would rise and he would make a profit.
Ersin Mustafa, who is believed to be in north Cyprus, was also a source of inside information in the prosecution of Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, Bijal Shah and Truptesh Patel who were convicted and sentenced in July 2012. The link between these two cases could not be published before now.
The Financial Services Authority has brought charges in the UK against an individual for acting upon inside information and generating a net profit of £591,117 from trading between September 2007 and July 2008.
43 year old Richard Joseph has been found guilty of 6 counts of conspiracy to deal as an insider. He has been sentenced to four years on each count, which will be served concurrently.
Joseph, a former futures trader, was provided with confidential and price-sensitive information from two investment banks concerning proposed or forthcoming takeover bids. The confidential and price-sensitive information was provided to Richard Joseph by Ersin Mustafa, a print room manager at JP Morgan Cazenove. During the time that he was trading Richard Joseph transferred a substantial amount of money to Ersin Mustafa.
Attempts were made to disguise the receipt of this information including the use of numerous Pay As You Go mobile telephones – one of which was purchased using a false name and address – and webmail “drop boxes” where confidential documents containing price-sensitive information were placed for Joseph to access. Having received this information, Joseph then placed spread bets in the expectation that when the information became public knowledge the share price would rise and he would make a profit.
Ersin Mustafa, who is believed to be in north Cyprus, was also a source of inside information in the prosecution of Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, Bijal Shah and Truptesh Patel who were convicted and sentenced in July 2012. The link between these two cases could not be published before now.
43 year old Richard Joseph has been found guilty of 6 counts of conspiracy to deal as an insider. He has been sentenced to four years on each count, which will be served concurrently.
Joseph, a former futures trader, was provided with confidential and price-sensitive information from two investment banks concerning proposed or forthcoming takeover bids. The confidential and price-sensitive information was provided to Richard Joseph by Ersin Mustafa, a print room manager at JP Morgan Cazenove. During the time that he was trading Richard Joseph transferred a substantial amount of money to Ersin Mustafa.
Attempts were made to disguise the receipt of this information including the use of numerous Pay As You Go mobile telephones – one of which was purchased using a false name and address – and webmail “drop boxes” where confidential documents containing price-sensitive information were placed for Joseph to access. Having received this information, Joseph then placed spread bets in the expectation that when the information became public knowledge the share price would rise and he would make a profit.
Ersin Mustafa, who is believed to be in north Cyprus, was also a source of inside information in the prosecution of Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, Bijal Shah and Truptesh Patel who were convicted and sentenced in July 2012. The link between these two cases could not be published before now.
The Financial Services Authority has brought charges in the UK against an individual for acting upon inside information and generating a net profit of £591,117 from trading between September 2007 and July 2008.
43 year old Richard Joseph has been found guilty of 6 counts of conspiracy to deal as an insider. He has been sentenced to four years on each count, which will be served concurrently.
Joseph, a former futures trader, was provided with confidential and price-sensitive information from two investment banks concerning proposed or forthcoming takeover bids. The confidential and price-sensitive information was provided to Richard Joseph by Ersin Mustafa, a print room manager at JP Morgan Cazenove. During the time that he was trading Richard Joseph transferred a substantial amount of money to Ersin Mustafa.
Attempts were made to disguise the receipt of this information including the use of numerous Pay As You Go mobile telephones – one of which was purchased using a false name and address – and webmail “drop boxes” where confidential documents containing price-sensitive information were placed for Joseph to access. Having received this information, Joseph then placed spread bets in the expectation that when the information became public knowledge the share price would rise and he would make a profit.
Ersin Mustafa, who is believed to be in north Cyprus, was also a source of inside information in the prosecution of Ali Mustafa, Pardip Saini, Paresh Shah, Neten Shah, Bijal Shah and Truptesh Patel who were convicted and sentenced in July 2012. The link between these two cases could not be published before now.
October 10, 2011
CMC Markets upgrades trading platform
Spread betting firm CMC Markets has upgraded its new Next Gen trading platform, moving to a totally customised package allowing customers to create their perfect trading platform.
As part of the company's ongoing commitment to offer the best trading technology, CMC has been working with its customers to give them the developments they want. Customer feedback from CMC's Traders Club events and customer service department has allowed CMC to develop its platform offering in line with its customers' needs and requirement.
Customers can now trade on a fully customised screen allowing them to save enhanced charts, use technical pattern and candlestick highlighting functions and develop their own bespoke drawing tools and technical indicators.
In addition, the iPhone and iPad charting software has also received a significant upgrade with the introduction of more technical tools, drawing tools, and increased data points.
“A key part of our strategy has been to invest heavily in bringing our customers the best technology on the market,” said Peter Cruddas, founder of CMC Markets. “We recognise that our clients have individual needs and the developments to our Next Gen platform are giving our customers exactly what they've asked us for. The move to a totally customised package allows customers to create their perfect trading platform.”
As part of the company's ongoing commitment to offer the best trading technology, CMC has been working with its customers to give them the developments they want. Customer feedback from CMC's Traders Club events and customer service department has allowed CMC to develop its platform offering in line with its customers' needs and requirement.
Customers can now trade on a fully customised screen allowing them to save enhanced charts, use technical pattern and candlestick highlighting functions and develop their own bespoke drawing tools and technical indicators.
In addition, the iPhone and iPad charting software has also received a significant upgrade with the introduction of more technical tools, drawing tools, and increased data points.
“A key part of our strategy has been to invest heavily in bringing our customers the best technology on the market,” said Peter Cruddas, founder of CMC Markets. “We recognise that our clients have individual needs and the developments to our Next Gen platform are giving our customers exactly what they've asked us for. The move to a totally customised package allows customers to create their perfect trading platform.”
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