London Capital Group Holdings Regulatory News (LCG)

24 Sep 2007 07:01

London Capital Group Holdings PLC24 September 2007 24 September 2007 London Capital Group Holdings plc Launch of Capital Forex Lite Capital Forex is chosen as partner by Currenex for retail platform launch London Capital Group Limited ("LCG"), the financial services and online spreadbetting company, is pleased to announce that Capital Forex, its on-line foreignexchange trading division, has today launched its new retail platform 'CapitalForex Lite' . Capital Forex Lite has been launched in conjunction with Currenex with whomCapital Forex has an existing close relationship in the institutional FX marketplace. Capital Forex Lite offers retail traders access to a new andcomprehensive FX trading platform complete with all the requirements of theserious FX trader. LCG believes this is the most advanced proposition in themarket. Features include tight spread inter-bank pricing of over 40 currency pairs, goldand silver, live interactive charting, order entry direct from charts, streamingnews, economic calendars, real time position keeping and margining. LCG's Director of Foreign Exchange Gavin Foster said: "We are delighted LCGis the first to deploy this new Currenex technology. This state of the artplatform gives us access to the rapidly expanding global FX marketplace with afully customized solution." Daniel Skowronski, President at Currenex commented: ''Currenex are delighted topartner with industry leader LCG on the launch of their margin trading platformcombining Currenex's technological excellence with LCG's world class customerservice.'' Notes to Editors: For further information, please contact: www.londoncapitalgroup.com London Capital Group Holdings plc Tel. 020 7456 7001Frank Chapman, Chief Executive Officer Smithfield Consultants Tel. 020 7360 4900George Hudson / Tom Hardman Cenkos Securities plc Tel. 020 7397 8924Ian Soanes Notes to Editors: London Capital Group Holdings plc is a rapidly growing financial servicescompany offering online trading services. Its core activity is the provision ofspread betting products on the financial markets to retail clients under thetrading name Capital Spreads. Its other divisions provide online foreignexchange trading services to institutional and intermediate clients under theCapital Forex brand and institutional derivatives broking under the name CapitalDerivatives. London Capital Group Limited, a wholly-owned trading subsidiary of LondonCapital Group Holdings plc, is regulated and authorised by the FinancialServices Authority. It has a European passport and is a member of the LondonStock Exchange, Liffe, Eurex and Euronext, giving it direct access to allEuropean markets. London Capital Group Limited also has access to internationalmarkets through its global clearing relationships. London Capital Group Holdings plc floated on the London Stock Exchange's AIMmarket in December 2005, is included in the General Financial sector (8770) andSpeciality Finance sub sector (8775) and has a RIC code of LCG.L. This information is provided by RNS The company news service from the London Stock Exchange