Launch of CFD service in Australia
October 25 2010 - 8:34AM
UK Regulatory
TIDMLCG
RNS Number : 9427U
London Capital Group Holdings PLC
25 October 2010
LONDON CAPITAL GROUP HOLDINGS PLC
Launch of CFD service in Australia
London Capital Group Holdings plc, a leading online financial spread betting and
trading company, is pleased to announce that, after successfully acquiring
regulatory status with ASIC in Australia, it has [now/today] launched a CFD
trading platform operating from Sydney, Australia.. The platform
(www.capitalspreads.com.au) allows retail clients to trade CFDs on global
markets such as indices, shares, currencies and foreign exchange.
Simon Denham, CEO, commented:
"We have worked hard to develop our international offering and continue to seek
expansion opportunities overseas as well as in the UK. We believe that there is
a great deal of opportunity for Capital CFDs in Australia and South East Asia
via our own brand and via strategic partnerships - and we are actively seeking
partnerships with financial services and gaming companies in that part of the
world."
+---------------------------------------+-----------------------------+
| For further information, please | www.londoncapitalgroup.com |
| contact: | |
+---------------------------------------+-----------------------------+
| | |
+---------------------------------------+-----------------------------+
| London Capital Group Holdings plc | 020 7456 7000 |
+---------------------------------------+-----------------------------+
| Simon Denham, Chief Executive Officer | |
+---------------------------------------+-----------------------------+
| | |
+---------------------------------------+-----------------------------+
| Smithfield Consultants | 020 7360 4900 |
+---------------------------------------+-----------------------------+
| John Kiely, Gemma Froggatt | |
| | |
| Cenkos Securities plc | 020 7397 8900 |
| Nick Wells | |
+---------------------------------------+-----------------------------+
| | |
+---------------------------------------+-----------------------------+
Notes to Editors:
London Capital Group Holdings plc (hereafter "LCGH plc" or "LCG" or "London
Capital Group" or "the Group") is a rapidly growing financial services company
offering online trading services. London Capital Group Limited (LCG Ltd), a
wholly owned trading subsidiary of LCGH plc, is authorised and regulated by the
Financial Services Authority. Its core activity is the provision of spread
betting products on the financial markets to retail clients under the trading
name Capital Spreads. Its other divisions provide online foreign exchange
trading services to institutional and professional clients and also
institutional derivatives broking. LCG Ltd is one of the leading providers of
white label financial spread trading platforms and its white label partners
include TradeFair, Paddy Power, PartyGaming Plc, Saxo Bank, and TD Waterhouse.
Prospreads.com is authorised and regulated by the Financial Services Commission
in Gibraltar and provides spread betting products on financial markets to
professional clients.
Capital CFDs (Australia) is a trading name of London Capital Group Pty Limited,
a wholly owned subsidiary of LCGH plc, and is regulated by the Australian
Securities and Investments Commission and holds an Australian Financial Service
Licence No. 364264. London Capital Group Pty Ltd ABN No: 85143553628. Registered
address: Level 14, Macquarie House, 167 Macquarie St, Sydney, NSW 2000.
LCG Ltd has a European passport and is a member of the London Stock Exchange.
London Capital Group Limited also has access to international markets through
its global clearing relationships.
LCGH plc is listed on the London Stock Exchange's AIM market. LCG is included in
the General Financial sector (8770) and Speciality Finance sub sector (8775) and
has a RIC code of LCG.L.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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