New Spread Betting Company in the Making

Will this one be more successful? A new financial spread betting service is about to join the market, according to an announcement from London Capital Group and KAX Media which are working together on a new service titled CitySpreads, which will be located at a dedicated UK domain. In this cooperation, LCG will bring its spread betting technology and combine it with KAX Media's online advertising and marketing expertise in order to produce a quality site, which should go live in October. It has been stated by KAX chief executive Charles Gillespie: “After surveying the field of potential partners, LCG stood out as the obvious choice for our expansion into spread betting. We are very excited about the project and look forward to realizing all the potential behind this great name with the great team at LCG.” In addition, LCG CEO Simon Denham added: “We are very excited about this white label and look forward to working with KAX Media to make them a formidable force within the online trading industry.”