WorldSpreads Announce Upgrade to Dealing Platform

Oct 24, 2011, 02:00 ET from WorldSpreads UK

LONDON, October 24, 2011 /PRNewswire/ --

Substantial Upgrade to the Functionality of the WorldSpreads Dealing Ticket and Trade Blotter Gives a Richer User Experience

WorldSpreads, a leading provider of financial spread betting services, have announced the launch of a number of important enhancements to their trading platform.

There have been substantial upgrades made to the look and functionality of the dealing ticket and trade blotter to give a richer user experience.

The new dealing ticket features include:

A deposit required calculation displayed on the dealing ticket so the trader can be sure how much they require to be able to hold a position. Also, the notional value of the bet is also displayed on the dealing ticket.

A simpler method of attaching stops, limits and trailing stops have been developed to assist the trader in locking in profit and preventing their losses on individual trades being too great. The ability to simply attach trailing stops should also help WorldSpreads' clients let any profits run whilst cutting losses at the same time.

Furthermore, the client now has the ability to set default deal ticket settings so if they have a preferred stake, e.g. £10/€10, this can be set, as well as the ability to hedge, always setting guaranteed stops, one-click trading and the default stop type.

The new trade blotter features include an overview of all current positions in one screen in both aggregated and non-aggregated form as well as shortcuts to watch lists and the charting facility. Overall, the ability to monitor open positions as well as make quick amendments to them has been greatly improved and the client has greater data trade metrics available at-a-glance.

The rollout of the dealing platform enhancements will take place over a number of deployments, starting with Spain and the UK.

Chief Executive Officer Conor Foley, commented "We have long been committed to improving the user experience of our clients and have been striving to build a user interface that enables them to view all of the key data at a glance. We have listened to comments from clients and it is this insight that has driven the improvements. We won't stop with these improvements and look forward to further evolutions of the dealing platform so it supports users of all mainstream devices."

Spread Betting is a leveraged product. It carries a high level of risk to your capital and, as it is possible to lose more than your initial investment, it may not be suitable for all investors. Therefore, ensure you understand the risks involved and seek independent advice if necessary. WorldSpreads Ltd is authorised and regulated in the UK by the Financial Services Authority.

About WorldSpreads Group plc:

  • WorldSpreads Group plc (AIM: WSPR) is a fast growing financial services group offering online and telephone trading. The Group's core activity is the provision of spread betting products on the financial markets to retail clients from its website   
  • WorldSpreads Limited, a wholly-owned trading subsidiary of WSPR, is regulated and authorised by the Financial Services Authority and is authorised to offer its products throughout Europe. It offers a full range of spread betting prices on all the major financial markets, including stock indices, individual shares, currencies, commodities and interest rates.   
  • The Group floated on the London Stock Exchange's AIM market in August 2007 and gained a dual listing by joining the Irish Stock Exchange's ESM market in May 2008.

SOURCE WorldSpreads UK