Paddypowertrader.com sees an increase in trading of banking equities as market storm clouds gather.  With the markets in turmoil spread betting offers a great opportunity to profit from the large swings in share price.

Paddy Power’s financial spread betting venture, paddypowertrader.com has seen a 110% increase in clients placing equity trades in the past 24 hours. Recent international market turmoil in the banking sector has encouraged speculation among spread bettors according to the online financial spread betting company.

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admin :: Sep.16.2008 :: Spread Betting :: No Comments »

News of the US government decision to take over mortgage giants Fannie Mae and Freddie Mac has had an early effect on the volume of trades by spread bettors at paddypowertrader.com. The US Federal reserve has promised to pump at least two hundred billion dollars into the companies to avert a financial meltdown, this has triggered large volumes in early trading by traders on Paddy Power’s online financial spread betting venture.

“The takeover is the single largest government intervention in financial markets since Fannie Mae was created in 1938. It has seriously stimulated trading as spread bettors take advantage of the perceived bounce in the stock markets. Equity and Index trades are attracting a lot of attention today; we can see a significant increase in the amount of trades opened. The volume of movement on the London Stock Exchange has even brought the exchange down for a number of hours.” said Davin McAnaney, Commercial Manager, paddypowertrader.com

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Ben :: Sep.09.2008 :: spread betting :: No Comments »