Cantor Index Sells Non-Equities Spread Betting Clients to Spreadex

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Spreadex has acquired Cantor Index’s “non-equities, financial spread betting client base”.

A statement on the Cantor Index website says, “As a Cantor Index customer, you may have been informed that Cantor Index is ceasing its non single stock financial spread betting offering as of Friday, 15th March, 2013.

“Spreadex has acquired the Cantor Index non single stock financial spread betting client list”.

Spreadex is currently involved in a transitional period which will see all current non-equities Cantor Index clients transferred to the Spreadex platform on 7.30pm on Wednesday, 20 March 2013.

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The acquisition follows Spreadex taking on the client lists of ShortsandLongs, extrabet (the sports betting arm of IG Index) and MF Global Spreads in recent years.

Jonathan Hufford, Managing Director at Spreadex, said:

We are delighted to welcome clients from Cantor Index and hope they enjoy trading on our vast range of financial markets.

With 14 years of spread betting experience behind us and having been named number one for customer service for the past two years in the Investment Trends CFD, FX and financial spread betting report, we are confident Cantor Index clients will be very comfortable in their new surroundings.”
The move follows Spreadex last year reporting record turnover of £25.7m for the 12 months to 31 May 2012 with pre-tax profits of £11.5m.

Mr Hufford added:

We now have a large base of loyal and satisfied clients who can trade 24 hours a day on the financial markets or global sports events either online, on their mobile, on their tablet device or by calling up our trading room in the traditional manner.

These are exciting times for Spreadex and we have other plans to further expand the company into 2014 and beyond.”

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