News article

New spread betting platform unveiled

New spread betting platform unveiled
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Traders may be able to put spread betting tips to good use on a new platform that has been launched to "revolutionise" the way financial markets are traded.

UK provider CMC Markets is behind the product, which features transaction plotting and trading off charts, transaction-based stop losses, streaming video and drag-and-drop technology.

The company - founded in 1989 by current chairman Peter Cruddas - has also developed a new pricing engine ensuring all trades are conducted automatically, preventing dealer intervention or re-quotes.

Kerem Ozelli, the head of product development at the firm, believes customers want flexibility in the way they use applications.

"The new platform has been designed around a number of integral themes to spread betters: usability, transparency and customisation," he added.

Mr Cruddas - who launched the world's first online Forex trading platform in 1996 - says customers can spread bet on commodities without worrying about contracts, expiration dates, roll-overs or managing the delivery and settlement of physical goods.

The announcement follows three years of heavy investment in technological development by the corporation.

Posted by Greg Secker ADNFCR-1681-ID-800031457-ADNFCR