Spreadex acquires clients from Cantor

Posted by Michael Morton on March 21, 2013 18:49

Spreadex confirms it has acquired the non-equities, financial spread betting customer base of Cantor Index. The acquisition follows Spreadex taking on the client lists of ShortsandLongs.com, 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 as well as on our sports spread betting and sports fixed odds betting platform.

"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 the end of May 31, 2012 with profits before tax of £11.5m.

The company which is based in St Albans, Hertfordshire, now employs 100 people and has three-times been listed in the Sunday Times PriceWaterHouseCoopers list of the UK’s most profitable companies.

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.”

You can find out more about Spreadex at www.spreadex.com

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