Exclusive: GVC’s InterTrader buys CFD and spreadbetting broker Sigma Trading

sigma trading

LeapRate Exclusive… LeapRate has learned that FCA regulated institutional FX brokerage group Sigma Broking Limited has sold its CFD and spread betting arm Sigma Trading to Gibraltar based InterTrader Limited.

InterTrader is the Retail financial trading arm of gaming giant GVC Holdings PLC (LON:GVC), and also provides liquidity services to Retail FX platforms. GVC is one of the world’s largest sports betting and gaming groups. It operates a number of brands including bwin, Sportingbet, partypoker, partycasino and Foxy Bingo. In March 2018 GVC acquired Ladbrokes Coral Group PLC. GVC acquired InterTrader as part of its 2016 purchase of bwin.party.

InterTrader Limited is authorised and regulated by the Gibraltar Financial Services Commission and registered with the Financial Conduct Authority in the UK.

Sigma Trading has been focused on the more professional and institutional side of the CFD and spread betting business. It offers markets in Index, Commodity, FX and Equities as well as options trading on most underlying securities.

Sigma Broking Limited is a private company, whose primary business is the execution of trades on regulated futures exchanges and other trading of derivatives and bonds. It helps to facilitate trades on exchanges (primarily CME) with FX futures, listed FX options, and cleared OTC FX. Sigma Broking is controlled by futures trader Matthew Kent. Overall, Sigma Broking did £16.8 million of Revenue in 2017, reporting a Net Profit of £223,000.

Read Also: