|(May 24, 2006) DUBLIN, IRELAND, LONDON, UK….WorldSpreads Group, the Irish and UK based spread trading group, has today announced that it has commenced locally regulated operations in Spain. This is part of an aggressive medium term strategy to introduce financial spread trading and contracts for differences to a wider audience of market investors, and follows launches earlier this month of operations in Greece and Hungary.|
The Spanish language version of www.WorldSpreads.com was released on Monday 22nd May to support the new initiative.
The Spanish operations are being undertaken through a venture with MG Valores, one of the most respected Private Banks in Spain catering to a distinguished list of local and international companies and high net worth individuals. MGV’s profitability and growth ratios are amongst the highest in the Spanish fund management sector.
The joint venture was granted the full appropriate regulatory authorisation from both the FSA and the Spanish regulatory body, Comisión Nacional del Mercado de Valores, in April of this year.
“The Worldspreads group is committed to driving its international expansion strategy ahead,” commented Chairman Lindsay McNeile. “We are privileged to have been accepted by such a distinguished partner as MG Valores, and together we hope to deliver a top class spread trading service not just in Spain, but also in Spanish speaking Latin and Central America, territories in which our joint venture partner has a powerful market presence.
“Early indications from our recently announced ventures in Greece and Hungary are promising and we hope to keep building on our growing international reach with this new initiative in Spain and others in the course of finalization.”
Notes to Editors:
1.Launched in 2000 WorldSpreads, www.WorldSpreads.com is a leading financial spread betting company.
2.WorldSpreads offers a unique ‘Private Banking’ type approach to the spread betting industry.
3.WorldSpreads management has a wealth of experience in the spread betting industry including: Kevin Taylor; co-founder of Finspreads, and Lindsay McNeile; co-founder of Sporting Index and Finspreads.
For more information please contact Conor Foley, Group CEO, on 020 7291 9180.