TD Waterhouse White Label Agreement (7186G)
May 17 2011 - 3:00AM
UK Regulatory
TIDMLCG
RNS Number : 7186G
London Capital Group Holdings PLC
17 May 2011
London Capital Group plc
("London Capital", "LCG" or the "Company")
TD Waterhouse White Label Agreement
London Capital Group Holdings, the financial services and online
spread betting company, is pleased to announce that it has entered
an agreement with TD Waterhouse to provide a white label financial
spread trading platform. The trading platform, which will operate
as TD Financial Spread Trading, is now live.
TD Waterhouse is the UK's leading execution-only share dealing
provider(1) , servicing more than 200,000 customers with over
GBP3.77 billion in customer assets (stock and cash) under
management.
Simon Denham, CEO, commented: "We are delighted to work with TD
Waterhouse. We already have partnerships with some of the largest
gaming and banking entities such as Saxo Bank and PartyGaming, but
a major agreement with a leading stock broker is a significant
development in LCG's white label business."
Darren Hepworth, Trading and Customer Services Director, TD
Waterhouse said: "TD Waterhouse always strives to ensure our
customers have access to the best products and services. We are
delighted to partner with LCG, which is recognised as an industry
leader, and are confident that they will provide the best possible
trading facilities for our customers."
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
Footnotes:
1: Source: Compeer based on daily average retail trades for TD
Waterhouse including its white label partners, as at March
2011.
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. LCG Ltd 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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