Sporting Index, has linked up with market data distribution firm
Arcontech to support trading on its recently re-launched online trading
Arcontech, also based in London, will feed live pricing data into the
new Finspreads website. Its StarNet software will then distribute the
data to users' web browsers. The system will also be used to route
buy/sell orders to the site and to send replies back to users.
The firm quotes spreads on different instruments and members can then
place bets as to whether a particular instrument will rise or fall.
Bets on indices, individual share prices, currencies, government bonds
and politics are currently supported.
The main advantage of spread betting for the trader is that the profits
are free from tax.
Commenting on the agreement managing director of Financial Spreads Kevin
Taylor says: [Arcontech] have provided Financial Spreads with a robust
price distribution system and assistance when integrating the online
trading with our own state-of-the-art trading system."
Andrew Miller, managing director of Arcontech emphasises the speed of
implementation and integration with existing systems, adding:
"We've been providing RTP [Real Time Publisher] real-time infrastructure
to Finspreads from the start of the enterprise, originally for price
reception, vendor contribution and TV channel pricing via Teletext. We
are delighted to have been selected for the web development."