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Name | Symbol | Market | Type |
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Thames Water 26 | LSE:TES | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:7604W TradingSports Exchange Systems PLC 22 March 2004 22 March, 2004 TradingSports Exchange Systems plc TradingSports goes live with Binexx.com TradingSports Exchange Systems plc ("TradingSports"), the person-to-person ("P2P") betting exchange systems provider, is pleased to announce the launch of www.binexx.com, the financial betting exchange of City Index ("City Index"). One of the pioneers in the modern development of financial spread betting, City Index, launches the first ever binary betting exchange. Owned by Intercapital plc, City Index boasts tight user-controlled spreads and low commission on its new exchange site. Martin Slaney of City Index commented: "The launch of Binexx.com is an exciting venture for the market. We are proud to launch the first binary betting exchange and the TradingSports platform was the optimum vehicle for our product." This marks a massive milestone for TradingSports as this is its first contract with a major FSA regulated City firm for the provision of a P2P betting exchange system geared towards the financial betting market. Binexx.com is unique to the market as it allows the client to control the price, to close out of a position without the event occurring and bettors are always aware of the maximum profit/ loss. Joe Tighe, Chief Executive to TradingSports, commented: "This deal marks a significant, ground-breaking step forward for TradingSports and will highlight the potential for the TradingSports betting exchange system in the financial betting arena. It also demonstrates the flexibility of our technology offering in that it can be adapted to a multiple of markets, be it sports, financial or otherwise". For further information, please contact: TradingSports T: +44 (0) 20 8780 6000 Joe Tighe, Chief Executive Ken Mulvany, Director of Investor Relations Buchanan Communications T: +44 (0) 20 7466 5000 Bobby Morse / James Strong Background to City Index: Established in 1983, City Index is one of the leading financial spread betting and CFD trading sites. City Index offers a comprehensive range of spread betting products across the global financial markets. These include major indices, currencies, commodities and individual equities quoted on leading exchanges, and their associated options. They are regulated by FSA and were awarded the Shares Magazine UK Equity Awards "Best Spread Betting Service" in both 2001 & 2002 for excellence in customer service. Background to TradingSports: Founded in August 2000 and floated on the Alternative Investment Market of the London Stock Exchange in May 2003, TradingSports is a P2P betting exchange system provider. It offers a turnkey betting exchange solution to sports and financial betting companies, through which individuals bet on live events at any point before and during the event. The Group applies the principles of a financial exchange by acting as a clearing house for companies offering P2P betting from any jurisdiction in the world where it is lawfulto do so. Its platform is aimed at the business-to-business market and acts as an aggregator of liquidity from different betting companies. TradingSports recognises that liquidity is an important component to maximise the success of P2P betting. By providing an exchange service with several participating members, thereby creating a significant user base, TradingSports' services help to ensure that the potential number of people with whom to bet is far greater than could be provided by one individual bookmaker. TradingSports itself has no direct relationship with bettors, does not handle money of individual bettors and is not exposed to the gambling risk associated with a bookmaker, as it does not risk its own capital. This information is provided by RNS The company news service from the London Stock Exchange END MSCQKDKDBBKDANB
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