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Gambling: Worldspreads hires ex-CWC manager to head Scots operation
The Irish online spreadbetting company Worldspreads has hired Douglas Woods, a former sales trader with rival CMC Markets, to head up a new operation as the firm expands into Scotland, reports The Scotsman newspaper.
The venture, which will be based in Edinburgh, is notable because CMC pulled out of the country earlier this year after a presumably unsuccessful year of business.
Wood said Scotland is a relatively untapped market, especially since CMC no longer has a physical presence. He added that while CMC saw potential in Scotland, Goldman Sachs, which has a 10 percent stake in the CMC business, was no longer in favour of regional offices.
Woods plans to organise seminars for clients to introduce them to spread betting.
"The average client needs support to get to understand spread betting. We're not a massive brand like CMC or IG Index. We want to be able to offer a smaller, local market and personalised service," he said, advising that initially there will be only two employees in Edinburgh, although this could expand depending on the amount of business generated.
WorldSpreads was set up in Dublin in 2000 to allow investors to trade individual shares, foreign exchange, stock indices, commodities and interest rates, by phone or online. It expanded into the UK with the opening of its London office in 2005. The company is listed on the London AIM market and on the IEX market in Dublin. It was co-founded by Conor Foley, chief executive, and Brian O'Neill, chief operations officer, who built their careers in financial services in Ireland.
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Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
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MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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