TRINITAS CAPITAL SELLS ISLE OF MAN FINANCIAL BETTING BUSINESS TO REGENT MARKETS GROUP
Friday 10 July 2009 - Trinitas Capital (IOM) Ltd., (“Trinitas Capital”) the specialist in financial derivatives trading and technology, is proud to announce the sale of its financial betting business to Regent Markets Group (“Regent Markets”).
From today, the company will discontinue the management of its award winning web site, www.BetsForTraders.com. All clients will have the option to continue betting on stocks, indices, foreign exchange and commodities on Regent Markets’ flagship site www.BetOnMarkets.com. Trinitas Capital has sold its software assets and other intellectual property to IG Group PLC.
“We are proud to have sold the business to Regent Markets. Having grown it from scratch over the last few years, the sale will provide expansion capital that will be used to fuel the group’s other trading areas. We plan to double staff numbers at our technology center and continue to focus on research and development of derivative market making systems. Regent Markets is a first class company with a stellar management team that is licensed in our own jurisdiction. We are confident that our clients are in good hands”, commented Nick Maughan, CEO of Trinitas Capital.
Jean-Yves Sireau, CEO of Regent Markets said: “We are delighted to be acquiring the business from Trinitas Capital as part of our ongoing expansion. Since launching the business in 1999 we have sustained considerable organic growth. The team at Trinitas has built up a nice book of business and we look forward to providing equally high levels of client service and fast trading times.”
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