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ETX Capital Acquires Leading Irish Spread Betting Broker

Jun 27 2014

ETX Capital, a UK forex and spread betting broker, today announced that it has acquired the leading Irish spread betting broker Shelbourne Markets, formerliy know as MarketSpreads. According to Irish Times, Shelbourne, which has about 10,000 clients in Ireland, has been on the market for some months with four parties involved in bidding. 


ETX Capital and Shelbourne Markets are excited to announce ETX Capital's acquisition of the Shelbourne Markets Financial Spread Betting business.


ETX Capital is a global provider of Financial Spread Betting, CFDs and Forex based in the City of London. ETX Capital is one of the UK's leading Financial Spread Betting and CFD firms. ETX Capital already has a significant presence in Ireland with over one thousand clients and with the addition of the Shelbourne clients is aiming to become the largest Financial Spread Betting and CFD provider in the Irish market in the near future. To support this change and the growing demands of a larger more diverse client base ETX Capital now offer a choice of 4 trading platforms.
Open positions and account balances, belonging to clients who do not object to the transfer, will be transferred over to ETX Capital on completion assisted by a number of the knowledgeable staff at Shelbourne Markets. Shelbourne Markets will be in contact with all affected clients regarding the transfer of their open positions and balances in due course. Clients of Shelbourne Markets that transfer will receive an ETX Capital Traderpro account which is the firm's premium platform, feature rich with free trading tools and advanced charting.
Enrique Curran, CEO of Shelbourne Markets, commented that 'we are delighted to be working with ETX Capital who will offer our clients cutting edge trading technology, global trading experience and are committed to growing the Irish financial spread betting market'
CEO of ETX Capital, Andrew Edwards said of the new venture; 'Ireland has always been an important part of our expansion plans and we are excited to have now found the right opportunity and gain a foothold in the Irish trading community. We are dedicated to providing the clients of Shelbourne Markets a seamless transition onto our platform and we hope they benefit from a first class trading experience at ETX Capital using Traderpro. With three other trading platforms to choose from I am confident that we have a platform for every type of trader.'
Shelbourne Markets' clients will become clients of ETX Capital and as such will fall under FCA regulation, UK Data Protection Rules and receive the benefit of the UK's Financial Services Compensation Scheme but will continue to be regulated by the Central Bank for conduct of business purposes. The deal is subject to all necessary regulatory and other consents.
About ETX Capital
ETX Capital, a regulated global financial services firm, provides retails, institutional and high net worth customers with multi-asset and multi-market derivative dealing capability through financial spread betting products, leveraged Forex trading and CFD trading. The firm uses cutting edge technology and delivers unrivalled levels of customer support from knowledgeable staff and with the utmost client confidentiality.
Risk Warning: Leveraged products are not appropriate for everyone. It is possible for you to lose your account balance. Do not trade with funds you cannot afford to lose and seek advice if you do not understand the risks.
TAGS: etx capital  marketspreads  spread betting  acquisition 

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