LONDON--(Business Wire)--
Trinitas Capital (IOM) Ltd., ("Trinitas Capital") the specialist in financial
derivatives trading and technology, is proud to announce the divestiture of
certain software assets and other intellectual property to IG Group PLC ("IG
Group").
From today, the company will discontinue the management of its award winning web
site, www.BetsForTraders.com, as IG group acquire both the site`s software and
domain name. The company`s business has been sold to Regent Markets, owners of
competitor site www.BetonMarkets.com.
The technology will be reconfigured for use by IG Group on their various global
trading platforms. The acquisition of the software will enable IG Group to
enhance their product offering with the addition of tailored exotic contracts on
a variety of global financial markets.
"We are delighted to be selling this software to IG and look forward to working
with them to ensure that their clients benefit from the latest in real-time
pricing and execution on non-standardised products. This transaction is part of
a broader restructuring as our group companies move away from non-core activity
and expand the focus on market making and financial software service provision",
commented Nick Maughan, CEO of Trinitas Capital.
Vassil Kriakov, the group`s CTO, added: "This sale is the culmination of several
years of hard work by our development team, on a system that has now been
live-tested with many millions of pounds in trading turnover by our clients. We
are proud to be doing this deal with IG and are confident that it will provide
speed and resilience to their trading clients."
Peter Hetherington, Chief Operating Officer at IG said: "The team at Trinitas
Capital have developed an innovative approach to dealing on Financial Markets.
IG is very pleased to be acquiring their software which, with additional
development, will allow us to further strengthen our wide range of products."
TopLine Communications
Heather Baker / Aakriti Jain / Luke Budka
+44 (0) 207 886 0856
info@toplinecomms.com
Copyright Business Wire 2009
