Friday 10 July 2009 - Trinitas Capital (IOM) Ltd., (“Trinitas Capital”) the specialist in financial derivatives trading and technology, is proud to announce the divestiture of certain software assets and other intellectual property to IG Group PLC (“IG Group”).
From today, the company will discontinue the management of its award winning web site, www.BetsForTraders.com, as IG group acquire both the site’s software and domain name. The company’s business has been sold to Regent Markets, owners of competitor site www.BetonMarkets.com
The technology will be reconfigured for use by IG Group on their various global trading platforms. The acquisition of the software will enable IG Group to enhance their product offering with the addition of tailored exotic contracts on a variety of global financial markets.
“We are delighted to be selling this software to IG and look forward to working with them to ensure that their clients benefit from the latest in real-time pricing and execution on non-standardised products. This transaction is part of a broader restructuring as our group companies move away from non-core activity and expand the focus on market making and financial software service provision”, commented Nick Maughan, CEO of Trinitas Capital.
Vassil Kriakov, the group’s CTO, added: “This sale is the culmination of several years of hard work by our development team, on a system that has now been live-tested with many millions of pounds in trading turnover by our clients. We are proud to be doing this deal with IG and are confident that it will provide speed and resilience to their trading clients.”
Peter Hetherington, Chief Operating Officer at IG said: “The team at Trinitas Capital have developed an innovative approach to dealing on Financial Markets. IG is very pleased to be acquiring their software which, with additional development, will allow us to further strengthen our wide range of products.”
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