ETX Capital Accelerates International Expansion With Signing of Three Worldspreads' Offices

LONDON, May 16, 2012 /PRNewswire/ --

· Signing of local offices in Greece, Spain and Denmark

· Builds on ETX Capital's success in Germany and S.Africa

ETX Capital announced on Tuesday (15^th May) the addition of businesses in Greece, Spain and Denmark previously owned by Worldspreads.  This builds on ETX Capital's international strategy which began in 2010 with the launch of businesses in Germany and, subsequently, South Africa.

John Wilson, Chairman of ETX Capital comments: "We have always taken a measured approach to international expansion, ensuring that we fully understand the opportunities and associated risks of launching into a new country.  With the addition of these businesses we have three new revenue streams that are well established and, most importantly, bring excellent client relationships.  This is a very exciting time for ETX Capital with further international launches planned for later this year."

Germany is a case study of ETX Capital's approach and success in international expansion.  Since 2011, the German business has grown its local presence through education programmes and road shows, providing a local language trading platform and website, plus market tools, real time data feeds, morning newsletters and tradable bulletins.  German nationals are employed in all key outward facing teams and local language free phone numbers have been used to encourage telephone contact.  All clients are offered a named account executive to ensure first-class customer service.

In March the offices in Germany and South Africa reached new records in new authorised account numbers demonstrating the traction that ETX Capital has already been able to achieve in these local markets.

CEO Andrew Edwards adds: "Our approach in Germany and South Africa has been to work hard to build solid foundations as a trustworthy provider striving to establish long-term relationships with local clients through our exemplary customer service.  While the offices in Greece, Spain and Denmark are already up and running, we will apply the same ethos to them and look forward to working with the local teams to ensure that they deliver the cutting edge technology and unrivalled level of customer support that ETX Capital is known for."

Notes to editors

ETX Capital, a regulated Pan-European financial services firm, providing institutional, high net worth and retail customers with multi-asset and multi-market derivative dealing capability through CFDs and financial spread betting products. The firm uses cutting edge technology and delivers unrivalled levels of customer support from knowledgeable staff and with the utmost client confidentiality. "ETX Capital" is a trading name of Monecor (London) Limited, incorporated in 1965. Monecor (London) Limited is authorised and regulated by the FSA and is a member firm of the London Stock Exchange.

SOURCE ETX Capital