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ETX Acquires Shelbourne Markets’ Business

ETX Capital already has a significant presence in Ireland with over one thousand clients and with the addition of the Shelbourne clients is aiming to become the largest Financial Spread Betting and CFD provider in the Irish market in the near future. To support this change and the growing demands of a larger more diverse client base ETX Capital now offer a choice of 4 trading platforms.

Open positions and account balances, belonging to clients who do not object to the transfer, will be transferred over to ETX Capital on completion assisted by a number of the knowledgeable staff at Shelbourne Markets. Shelbourne Markets will be in contact with all affected clients regarding the transfer of their open positions and balances in due course. Clients of Shelbourne Markets that transfer will receive an ETX Capital Traderpro account which is the firm’s premium platform, feature rich with free trading tools and advanced charting.

Enrique Curran, CEO of Shelbourne Markets, commented that ‘we are delighted to be working with ETX Capital who will offer our clients cutting edge trading technology, global trading experience and are committed to growing the Irish financial spread betting market’

CEO of ETX Capital, Andrew Edwards said of the new venture; ‘Ireland has always been an important part of our expansion plans and we are excited to have now found the right opportunity and gain a foothold in the Irish trading community. We are dedicated to providing the clients of Shelbourne Markets a seamless transition onto our platform and we hope they benefit from a first class trading experience at ETX Capital using Traderpro. With three other trading platforms to choose from I am confident that we have a platform for every type of trader.’

Shelbourne Markets’ clients will become clients of ETX Capital and as such will fall under FCA regulation, UK Data Protection Rules and receive the benefit of the UK’s Financial Services Compensation Scheme but will continue to be regulated by the Central Bank for conduct of business purposes. The deal is subject to all necessary regulatory and other consents.

 

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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