Canary Wharf, Monday, April 7 2008 – Betbrokers Ltd., the UK’s first broker and clearing house for the betting industry (AIM: BETB), today announced the launch of www.BetBrokersBinaries.com - a fixed-odds financial betting website.
Following a whitelabel deal with Trinitas Capital, an online fixed-odds financial bookmaker, Betbrokers is offering a range of 10 different types of fixed-risk bets on financial markets, single stocks, stock indices and the foreign exchange markets.
Wayne Lochner, Betbrokers Chairman and CEO, said: “We are very excited to be the first in the UK to have acquired the use of this powerful, cutting-edge technology. My vision has always been to transfer financial trading know-how to the betting arena. This technology will help us to achieve our long term strategy of providing a holistic betting model for the rapidly globalising betting industry.’”
As well as providing the largest range of bet types in the marketplace, the site offers a range of unique bet options. The website allows clients to “build their own bets” by adjusting the parameters using a sliding bar feature to optimise the price-payout ratio and specify the length of each bet, giving clients more control and price transparency. All bets are fully customisable and operate through a real-time dealing interface.
Ryan Kneale, market Analyst for Trinitas Capital, said: “Fixed-odds financial betting has become the latest online craze. It takes the best of sports betting and marries it to the financial markets to create a form of trading that is easy to follow and attracts a wide range of people.”
For further information or to interview Wayne Lochner or Ryan Kneale please contact:
0207 612 1830
Notes to editors:
BetbrokersBinaries.com allows you to build your own stock market bets with less risk than financial spread betting, CFDs or futures trading. BetbrokersBinaries.com is fully licensed and is commission and tax free (under UK law, tax laws can change). BetBrokersBinaries.com also offers traders a virtual account to play with.
Betbrokers launched in 2005 and was floated on the AIM market in November 2006 (AIM: BETB). It is the UK’s only telephone sports betting brokerage and effectively acts as an exchange for the entire wholesale and retail market, enabling best possible prices for customers. Customer bets are handled by telephone in a highly personal service which also offers clients risk exposure solutions via sophisticated hedging techniques. Betbrokers is bringing financial trading know-how to the sports wagering industry while promulgating responsible attitudes towards gambling. www.betbrokers.com
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