Friday May 18, 2012 : ETX CAPITAL SNAPS UP WORLDSPREADS LOCAL OFFICES (Update)
Spread betting firm international expansion
The collapse of spread betting firm WorldSpreads, which fell into administration earlier this year after the discovery of a GBP 13 million client account shortfall , has afforded German spread betting firm ETX Capital the opportunity of taking over the Greece, Spain and Denmark WorldSpreads offices.
The offices augment ETX's international expansion strategy following the launch of offices in Germany and South Africa in 2010.
John Wilson, chairman of ETX Capital said: “With the addition of these businesses we have three new revenue streams that are well established and, most importantly, bring excellent client relationships. This is a very exciting time for ETX Capital with further international launches planned for later this year.”