Independent Investor

As Betfair prepares to launch its new contracts for difference exchange LMAX to a buzz of industry hype and activity, and with the backing of global investment house Goldman Sachs, London Capital Group have suggested the impact on their operations will not be significant as it continues to build on its existing portfolio of brokerage businesses.
The London Capital Group, parent company of Capital Spreads, Pro Spreads and InterTrader, has maintained that in spite of the long-awaited launch of the new platform, which many have forecast will shake up the online …

According to What Investment the online betting powerhouse, Betfair, through its spread betting exchange Tradefair, is moving into Contracts for Difference.  This is a sign of convergence that may see other gambling companies moving into this area.  Funnily enough we think it will take a bit of time before this has an impact on prices.
Here’s why.  The average Tradefair punter may not be the average CFD investor.  They are usually people who have been upsold from Betfair’s sport betting site.  While they are certainly …