London Capital Group Holdings Acquires Cypriot Software Firm from Spotware
- The London based brokerage seems to be committing more resources towards developing proprietary technology to boost its offering
London based brokerage London Capital Group Holdings (LON:LCG) has just announced in a regulatory filing that the company acquired a software development firm based in Cyprus. The move is aiming to boost the company’s own proprietary trading platforms offering, as LCG is banking on a big marketing effort in the coming months.
Cypriot software company Surecom has been acquired from Spotware Systems Limited. According to the company’s announcement, “The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Surecom will facilitate the further development and enhancement of the Company's dealing platforms and new advanced technologies.”
The company reported disappointing results for the first half of the year, however in an exclusive statement to Finance Magnates, the CEO of London Capital Group Holdings (LON:LCG) Charles-Henri Sabet, who increased his stake in the brokerage, has expressed that the worst quarters of the firm are behind it.
Spotware Systems is known in the industry for being the company behind one of the main challengers of MetaTrader 4. The company has developed cTrader, cAlgo and cMirror to provide alternative Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term solutions to the market. A number of brokerages are offering cTrader to their clients, making it one of the few more widely distributed alternatives to MT4.
To finance the acquisition, London Capital Group Holdings (LON:LCG) will issue 3,754,614 new ordinary shares with an application for the listing of new shares already being filed. The Admission is expected to occur on the 9th of October 2015, after which the float of London Capital Group Holdings (LON:LCG) shares will amount to 79,846,890 ordinary shares.
London based brokerage London Capital Group Holdings (LON:LCG) has just announced in a regulatory filing that the company acquired a software development firm based in Cyprus. The move is aiming to boost the company’s own proprietary trading platforms offering, as LCG is banking on a big marketing effort in the coming months.
Cypriot software company Surecom has been acquired from Spotware Systems Limited. According to the company’s announcement, “The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Surecom will facilitate the further development and enhancement of the Company's dealing platforms and new advanced technologies.”
The company reported disappointing results for the first half of the year, however in an exclusive statement to Finance Magnates, the CEO of London Capital Group Holdings (LON:LCG) Charles-Henri Sabet, who increased his stake in the brokerage, has expressed that the worst quarters of the firm are behind it.
Spotware Systems is known in the industry for being the company behind one of the main challengers of MetaTrader 4. The company has developed cTrader, cAlgo and cMirror to provide alternative Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term solutions to the market. A number of brokerages are offering cTrader to their clients, making it one of the few more widely distributed alternatives to MT4.
To finance the acquisition, London Capital Group Holdings (LON:LCG) will issue 3,754,614 new ordinary shares with an application for the listing of new shares already being filed. The Admission is expected to occur on the 9th of October 2015, after which the float of London Capital Group Holdings (LON:LCG) shares will amount to 79,846,890 ordinary shares.