Independent Investor

A former City trader has been found guilty of using insider information in consort with an associate to earn several hundred thousand pounds from spread trading.  The trader, originally from South London, set up a spread betting scheme whereby sensitive information was channeled from the fund at which he worked to a friend, who then bet on the relevant indices to make a substantial trading profit totaling almost £600,000, shared between the two men on a 60/40 basis in favour of the unnamed associate. The co-operation of the accused was …

Further good news from the City for spread betting platforms – London Capital Group have announced positive second quarter results, showing a year-on-year rise in profits to around £4 million, with an equally strong balance sheet reflecting a solid trading position for the spread betting giant.
Along with several other spread betting companies to announce favourable trading results in recent weeks, London Capital Group have benefited from the increasing profile of spread betting as a viable alternative to straightforward trading.
A note of caution for spread traders, however – the rise in …

Leading spread betting platform WorldSpreads has just declared its preliminary results to the end of March 2010 showing a jump in profitability as a direct result of its growing business, as spread betting becomes increasingly popular in the UK and international markets.
Its pre-tax profits rose some 1200% on the same period last year, leaping from EUR 250,000 to EUR 3 million, which the groups itself has said is a result of its growing customer base across UK and worldwide trading markets, in addition to revenue growth from EUR 6.9 million …