Update: WorldSpreads’ Local Offices Taken over by ETX Capital

Another spread betting firm expands internationally After the ruin of spread betting firm WorldSpreads due to a GBP 13 million client account shortfall, German spread betting firm ETX Capital took the opportunity to take over the beleaguered company's Greece, Spain and Denmark offices. This move will ensure ETX's international expansion after the initial office openings in Germany and South Africa in 2010. It has been specified by John Wilson, chairman of ETX Capital: “With the addition of these businesses we have three new revenue streams that are well established and, most importantly, bring excellent client relationships. This is a very exciting time for ETX Capital with further international launches planned for later this year.”