MarketSpreads to expand its offerings for traders, investors, and corporates.
LeapRate has learned that Ireland-based financial spreadbetting broker MarketSpreads will be rebranding, effective already next week, under its new name Shelbourne Markets. The strategy behind the name change seems quite obvious — the company will be expanding from spreadbetting to other areas of financial trading, and as such wants to be branded differently.
Those who follow LeapRate will recall that we provided exclusive and behind-the-scenes coverage early last year of MarketSpreads’ suspension from trading by the Central Bank of Ireland, as it required what was essentially a formal signoff on previous years’ financial statements, dating back to when MarketSpreads was owned and run by others.
We applauded how MarketSpreads management handled the crisis, being very transparent and open with clients as to what was happening and why. After receiving a clean bill of health, MarketSpreads reopened and very quickly recaptured their pre-crisis trading volume levels.
Stay tuned to LeapRate as more on the rebranding becomes available….
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