It has just been found out that institutional Forex brokerage group called Sigma Broking Limited which is regulated by the FCA has sold its CFD and spread betting arm Sigma Trading to InterTrader Limited which is based in Gibraltar.
Do you know about the gaming giant GVC Holdings PLC (LON: GVC)? Well, it turns out that InterTrader is not only the Retail financial arm of this big firm but also a liquidity service provider for many retail Forex platforms. GVC, as we have already mentioned above, is a gaming giant, which means that they are one of the largest sports betting and gaming groups. If you find yourself in the business quite often, you may have heard of Bwin, Partypoker, Partycasino, Foxy Bingo, and Sportingbet all of which who are child brands belonging to GVC. Ladbrokes Coral Group PLC became a part of GVC not too long ago, specifically in March 2018. In 2016 bwin became a part of GVC and along came InterTrade as a result. InterTrader Limited has already acquired the regulation of the Gibraltar Financial Services Commission (GFSC), but not only that, but it has also been registered in the Financial Conduct Authority (FCA) in the UK.
Sigma Trading has decided that it needed to be more focused on the more professional and institutional side of the CFD and spread betting business. The trading options it offers are on most underlying securities, for example, it offers markets in Index, Commodity, Forex, and Equities. Sigma Broking Limited is naturally a private company, it’s main focus and niche is having trades on regulated futures exchanges and trading with derivatives and bonds. The facilitation and execution of the trades on exchange with Forex futures are mostly done by Sigma Trading. Their profits are looking not so good for 2017. They managed to make a total of £223,000 in one year, with more than £16.8 million in revenues, quite a large margin. They are controlled by futures trader Matthew Kent.
What this new activity from GVC will bring to the market is unknown, but experts will be trying to decipher the future to bring to your ears no matter what, so you can avoid any unnecessary risks.