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Brokers News RU to offer spread betting in Russia

Aug 20 2014
GAIN Capital's will introduce the Dealbook 360 trading platform in Russia in order to be the first broker offering spread betting in the country, reports
As part of its aggressive merge and acquisition strategy last year GAIN Capital has acquired Global Futures & Forex, LTD (GFT), the company that has developed DealBook 360 trading platform. DB 360 has 3000+ different financial instruments and 120 currency pairs (incl. USD/RUB) which variety is very important for spread betting. MT4 also offers this type of trade if you wonder. 
What is spread betting? It's a derivative product allowing for “betting” on the price movement, either up or down, of many financial markets such as indices, stocks, commodities, and currencies. In this type of trading you don't actually buy or sell an asset like, say, in forex trading. You just bet your money that a price will rise or fall. If the prediction is right with every point change the profit increases.
And vice versa. For example, if you have gone short but the price of the chosen asset goes up you will incur losses proportional to the decrease. One has the freedom to choose the money value of a point meaning that if you bet $5 per point and the market changes favorably with ten points the profit is $50.
The fact that DealBook 360 allows for spread betting with thousands of different instruments, some being rather volatile, from which to choose is handy because spread betting is the more profitable the higher the volatility of an asset is. Obviously, betting on the EUR/USD pair, for example, has a very low profit potential. The platform also has a web version and extensive free charting.
In times of low forex volatility brokers are seeking alternatives to forex trading. Spread betting is one such alternative. GAIN Capital is to use it in order to diversify their portfolio and boost their business operations starting from Russia because it is an untested market spread betting-wise. For the record, it is practically an unregulated one as well. 
If you wonder why does not implement spread betting in UK first the answer is because it is already utterly explored there. God knows why but spread betting is freed from taxes in UK and hence it is very popular on the island. 
All in all, as many other brokers do GAIN Capital is trying to diversify its portfolio in order to counteract the current harsh forex market conditions. Being first in Russia may prove fruitful.
TAGS: GAIN Capital's will introduce the Dealbook 360 trading platform in Russia in order to be the first broker offering spread betting in the country  reports 

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