White Label Agreement (0263C)
March 01 2011 - 2:00AM
UK Regulatory
TIDMLCG
RNS Number : 0263C
London Capital Group Holdings PLC
01 March 2011
London Capital Group plc
("London Capital","LCG" or the "Company")
White Label Agreement
London Capital Group has been made aware by Paddy Power that
they are currently reviewing their financial spread betting
business Paddypowertrader, a 'white label' customer of LCG.
LCG's white label model allows organisations to market and
profit from financial spread betting services. LCG provide the
trading platform, prices and expertise giving the underlying
clients access to one of the most robust trading platforms in the
industry. As with all white label partners the underlying client is
a client of LCG and LCG pays the white label partner for its client
acquisition activities. Paddypowertrader currently represents 17%
of active clients of London Capital Group. In the event that Paddy
Power withdraw from financial spread betting, LCG would work with
Paddy Power to determine the process to assist clients currently on
Paddypowertrader to continue trading as direct clients of LCG.
For further information, please contact:
www.londoncapitalgroup.com
London Capital Group Holdings plc
Simon Denham, Chief Executive Officer
020 7456 7000
Cenkos Securities plc
Nicholas Wells
020 7397 8900
Smithfield Consultants
John Kiely
020 7360 4900
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.
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
STRUWABRAAAUUAR
London Capital Hldgs (LSE:LCG)
Historical Stock Chart
From May 2024 to Jun 2024
London Capital Hldgs (LSE:LCG)
Historical Stock Chart
From Jun 2023 to Jun 2024