14/07/2005 Global Trader opens the London Markets
Global Trader opens the London Markets
14th July 2005
UK traders finally given real transparency and access to the most dynamic markets.
Leading international spread trading company launches UK operations
to lift spreads ‘out of the shadows’
6 June 2005, London - Global Trader has launched its innovative and flexible Spread Trading and Contract for Differences services in the UK, finally providing private traders the same transparent pricing traditionally reserved for the institutional markets.
Having already built successful international operations, with over $5 billion of transactions in the last 12 months, Global Trader has moved its international head office to London as part of its plan to offer traders in the UK a fairer deal and access to some of the most dynamic emerging markets in Asia, Africa, Eastern Europe and Latin America.
Global Trader is headed up by former JP Morgan banker Fleur Gremmen, CEO, supported by Charlie Brook-Partridge, Chief Operating Officer and managing director of London operations.
Fleur Gremmen, CEO, Global Trader, said:
“We have created a new trading world for our clients that is not based on old concepts and half hidden in the shadows, but is clear transparent and open. Spread traders in the UK can now choose real transparency married with unprecedented control. We want to move spreads away from a book making legacy to a place where market professionals, private investors and smaller institutions can trade with complete confidence. We are completely committed to replicating our success on other continents in the UK and have moved our head office here to ensure that we can best serve our clients.”
Charlie Brook-Partridge, COO, Global Trader and CEO, Global Trader UK, added:
“The UK is one of the most sophisticated investor markets in the world, yet was still limited to spreads services rooted in the past. Global Trader has been purpose built to create the best possible trading environment for individuals and smaller funds alike. We can offer more markets, more transparency and more certainty than UK investors and traders have been used to, short of the main markets.”
Where all the other the spread trading/betting providers use variable pricing, which can disadvantage the client and is conceptually similar to the way bookmakers price bets, Global Trader uses a fixed model called Flexispreads – spread pricing flexes in a fixed manner with the market. Not only does the client know their position at all times, but they receive the full benefit of tightening markets in liquid markets. As importantly, it also removes the possibility of dealer intervention on prices to suit the trading book, so that Global Trader’s clients are always sure they are being offered pricing based on the actual market and not the risks carried by the spread better they use.
The culture of transparency is a reflection of the fact that the management team are from financial services backgrounds and created Global Trader from the ground up to offer clients a fairer deal. Unlike many of the spreads providers in the UK, Global Trader is totally focused on financial markets, not offering any sporting or similar bets.
Not only has the company developed its own best of breed technology (which is licensed to other companies outside of the UK and is not easily replicable by other companies), but its systems and processes are designed to minimise risks for clients:
- Clients can set an automatic cap on losses or profits
- Nearly all trades are hedged, meaning Global Trader is not incentivised by client losses
- Proven track record of more than five years
- Clients receive access to market information from leading data providers such as Reuters
- All products are available online
In addition to a comprehensive array of UK and international coverage in major markets, Global Trader will offer a range of ‘exotic’ products that no other provider currently offers. Reflecting its successful operations in other parts of the world, Global Trader offers UK traders access to markets to dynamic, emerging markets in Asia, Central Europe and Africa. Once again, Global Traders clients will benefit from the fact that the company has operations in each of these locations, providing better control, flexibility and access.
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For more information or to interview Global Trader, Contact Adam Wurf or Matthew Moth at the madano partnership on 020 7378 7033 or by email at firstname.lastname@example.org or email@example.com
Notes to editors:
Global Trader is a pioneering international financial institution offering a Spread Trading and a Contract for Difference (CFD) “execution-only” service to both institutional and private clients investing in international and domestic financial markets.
Unlike many spread betting companies, Global Trader is totally focused on financial markets and has developed many innovations to provide a fairer and better service to clients such as, greater transparency, the highest levels of risk management, and simple online tools, delivered at high speed.
Founded in 2000, Global Trader has developed an international reach that spans Europe through its office and operational headquarters in the UK, across Southern Africa, North America, from its Canadian office and Asia from its base in Thailand.
Global Trader already conducts over 300,000 trades per year, worth over US$5 billion per annum, for clients in 26 countries. It has developed its own technology which is licensed to other companies around the world.
It is regulated by the Financial Services Authority (FSA) in the UK, the birthplace of both CFD and spread trading, with a Category A listing. It is also a Member of the London Stock Exchange, a Derivative Member of the Johannesburg Stock Exchange (JSE) and is currently registering with the Ontario Securities Commission.