City bookmaker www.BetsForTraders.com has today seen clients come out in force with an increasing number betting that the share prices of UK banking stocks will fall.
Ryan Kneale, Market Analyst at www.BetsForTraders.com commented:
"Taking HSBC for example, of all the bets taken on them today a staggering 79% of them are betting that their share price will fall further."
"The major European indices were down around 2% at midday as rumours of more write downs in the banking sector gathered steam. Elsewhere previously buoyant commodity stocks have also taken a hit as traders concerned with the inflationary impact of rising commodity prices have begun selling literally everything."
Notes to Editors
The BetsForTraders.com Sentiment Index fluctuates between 0 and 100 as financial punters become more bullish or bearish. It is based on the total monetary value of bets made on the markets to rise versus fall. A value of 50 can be regarded as 'normal', meaning that there are equal amounts of money being wagered on markets to rise and fall. A value of 100 would mean that 100 per cent of clients were betting on the markets to rise and vice versa for a value of 0. The index is calculated on bets from a broad range of stock markets to give a macro level view on traders' sentiment.
Launched in 2007, BetsForTraders.com is a fixed-odds financial betting website which offers a range of 10 different types of fixed-risk bets on financial markets, single stocks, stock indices and the foreign exchange markets. Bets are fully customisable and operate through a real-time dealing interface.
As well as providing the largest range of bet types in the marketplace, the company offers a range of unique bet options not available through other betting sites. 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.
BetsForTraders.com is owned and managed by Trinitas Capital (IOM) Ltd, based in the Isle of Man in the British Isles. The company is fully licensed to offer financial bets by the Isle of Man government. The Isle of Man is an important global banking centre and one of the best-regulated low tax jurisdictions. It holds a Standard & Poors AAA rating and has a high standard of accountability and numerous player protection laws. Due to its strict regulatory regime, it is one of only a few jurisdictions on the UK Government's White List, which grants exemption from betting advertising restrictions. Trinitas Capital (IOM) Ltd. is subject to regular audits, software inspections and ongoing regulatory scrutiny by the Gambling Supervision Commission.
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