BetVictor agrees London Capital Group trading platform deal
Operator joins bwin.party and Betfair in using white label financial spread trading platform.
Gibraltar-licensed operator BetVictor has agreed a deal which will see London Capital Group (LCG) provide it with a white label financial spread trading platform.
The platform allows users to trade indices, FX, equities, bonds and commodities on the BetVictor Financials website, which has already gone live. The Financial Services Authority-regulated LCG also has a B2B partnership with bwin.party covering the InterTrader.com site, while it signed a similar deal with Betfair concerning the Tradefair offering, which is owned by the LMAX business in which the London-listed operator agreed to sell its stake last month.
BetVictor chairman Victor Chandler said of the deal: “We are delighted to partner with London Capital Group, who we have recognised as a leader in the provision of white label solutions to both financial and gaming operators. We recognise their product offering to be at the forefront of their industry as they, like us, embrace new technology and delivery. We certainly look forward to reaping the rewards of this new partnership.”
Last year saw BetVictor “ then still known as Victor Chandler International “ signed up to Cantor Gaming and Wagering’s financial betting platform. It is currently unclear how this agreement is affected by today’s announcement.
In September last year, the Power 50 operator acquired trading solutions provider Botsphere, set up in 2006 by Oddschecker founders Stewart Vassie and Julian Leach, with BetVictor planning to “deliver complete automated trading solutions across a number of mainstream sports over the next two years.”
The operator’s iPhone app was finally launched earlier this month after more than a year of development and testing.