|Two new European operations have been launched by WorldSpreads Group. The recent establishment of businesses in Greece and Hungary is part of a medium term strategy to introduce financial spread betting to a wider audience of market investors, with particular focus on the emerging markets of ‘New Europe’. |
Conor Foley, Chief Executive of the World Spreads Group, said, 'We are rolling out a series of locally authorized and regulated operations in Eastern Europe in order to offer trading opportunities to investors in those countries, as political freedoms expand, and wealth begins to trickle down more noticeably.'
The Hellenic Capital Markets Committee has approved WorldSpreads new office in the financial district of Athens, which will be headed up by Panos Natsiopoulos, an experienced market professional who formerly worked with Tulletts in London. A fully interactive Greek language web site will support this initiative.
In Hungary, WorldSpreads has signed a joint venture with NET Media Rt., operators of www.portfolio.hu, the largest financial portal in Hungary and become the first financial spread betting company to receive local regulatory approval to launch in Eastern Europe.