LeapRate Exclusive... Forex and spreadbetting traders are very familiar with the power of social networking, so it is no surprise that Forex brokers are going to harness the popularity surrounding Twitter's just-announced IPO to attract traders.
The first? UK spreadbetting firm ETX Capital -- which recently signed a deal to market CFDs via online sports and casino betting firm Bet3000 -- has announced that its clients can already trade the Twitter IPO, weeks before Twitter will actually come to market. (Twitter yesterday tweeted that it had confidentially filed IPO plans with the SEC in the US -- making a confidential filing means that the 'real' Twitter S-1 prospectus will have to be made public at least 21 days before the company starts its investor roadshow. So a Twitter IPO pricing is probably, at earliest, a month and a half away).
ETX has launched a greymarket listing for Twitter, beginning today, allowing clients to trade on the total market capitalization of Twitter. ETX's initial spread for Twitter is between $10.5 billion and $11.5 billion.
To see more on trading Twitter at ETX Capital click here.