Spreadex
Encyclopedia
Spreadex Ltd is a British-based company that offers financial spread betting
, sports spread betting
and sports fixed-odds betting.
, Bedfordshire
.
The business was founded by former City dealer Jonathan Hufford. He decided to set up his own company with the intention of making spread betting
more accessible.
In May 2006 Spreadex launched an online sports betting
service and followed that by launching a financial online trading platform soon after.
Spreadex was listed in the Sunday Times PriceWaterhouseCoopers Profit Track 100
for three years in succession. In 2006 Spreadex finished 34th, 2007 they finished 23rd and in 2008 finished in 49th place.
In February 2008 Spreadex moved to offices in St Albans
, Hertfordshire
and followed this by opening an office in Liverpool
in 2010.
In February 2010 Spreadex piloted a JetMiles scheme which allowed their clients to earn flight time in a private jet from their trading.
In May 2010 Spreadex launched a full fixed odds sports betting
service allowing bets to be placed in both fractional and decimal
format.
In December 2010 the company’s Mobile Sports Betting Platform went live, allowing clients to bet via their iPhone
or smartphone.
In June 2011 Spreadex acquired the client database of extrabet, the sports betting arm of IG Group
.
Spreadex released its financial iPhone trading app in August 2011 allowing its clients to trade on the move.
In September 2011 Spreadex introduced an online Casino
featuring table, card, slot, video poker, instant win games and a live dealer service.
, Hertfordshire
since February 2008 and has a satellite office based in Liverpool
. Spreadex takes bets via telephone, mobile and via their website.
Spreadex owns financial spread betting
company www.shortsandlongs.com which was launched in October 2008.
Spreadex also operates a fixed odds betting pitch at Kempton Park Racecourse
.
(FSA).
Spreadex Ltd is licensed and regulated by the gambling commission
to provide fixed-odds betting, licence no 000-008835-R-104580-004.
In relation to casino betting, Spreadex Ltd is operating under an Alderney Gambling Control Commission approved Business Association with AGCC Class II License Holder, Chartwell Games (Alderney) Ltd, License #068
Spread betting
Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome...
, sports spread betting
Spread betting
Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome...
and sports fixed-odds betting.
History
Spreadex commenced trading in 1999 in DunstableDunstable
Dunstable is a market town and civil parish located in Bedfordshire, England. It lies on the eastward tail spurs of the Chiltern Hills, 30 miles north of London. These geographical features form several steep chalk escarpments most noticeable when approaching Dunstable from the north.-Etymology:In...
, Bedfordshire
Bedfordshire
Bedfordshire is a ceremonial county of historic origin in England that forms part of the East of England region.It borders Cambridgeshire to the north-east, Northamptonshire to the north, Buckinghamshire to the west and Hertfordshire to the south-east....
.
The business was founded by former City dealer Jonathan Hufford. He decided to set up his own company with the intention of making spread betting
Spread betting
Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome...
more accessible.
In May 2006 Spreadex launched an online sports betting
Sports betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome.-United States of America:Aside from simple wagers such as betting a friend that one's favorite baseball team will win its division or buying a football "square" for the Super Bowl, sports betting is...
service and followed that by launching a financial online trading platform soon after.
Spreadex was listed in the Sunday Times PriceWaterhouseCoopers Profit Track 100
Profit Track 100
The Profit Track 100 is a list published by British newspaper The Sunday Times each year ranking Britain's fastest growing private companies by their average profit growth over the previous three years....
for three years in succession. In 2006 Spreadex finished 34th, 2007 they finished 23rd and in 2008 finished in 49th place.
In February 2008 Spreadex moved to offices in St Albans
St Albans
St Albans is a city in southern Hertfordshire, England, around north of central London, which forms the main urban area of the City and District of St Albans. It is a historic market town, and is now a sought-after dormitory town within the London commuter belt...
, Hertfordshire
Hertfordshire
Hertfordshire is a ceremonial and non-metropolitan county in the East region of England. The county town is Hertford.The county is one of the Home Counties and lies inland, bordered by Greater London , Buckinghamshire , Bedfordshire , Cambridgeshire and...
and followed this by opening an office in Liverpool
Liverpool
Liverpool is a city and metropolitan borough of Merseyside, England, along the eastern side of the Mersey Estuary. It was founded as a borough in 1207 and was granted city status in 1880...
in 2010.
In February 2010 Spreadex piloted a JetMiles scheme which allowed their clients to earn flight time in a private jet from their trading.
In May 2010 Spreadex launched a full fixed odds sports betting
Sports betting
Sports betting is the activity of predicting sports results and placing a wager on the outcome.-United States of America:Aside from simple wagers such as betting a friend that one's favorite baseball team will win its division or buying a football "square" for the Super Bowl, sports betting is...
service allowing bets to be placed in both fractional and decimal
Decimal
The decimal numeral system has ten as its base. It is the numerical base most widely used by modern civilizations....
format.
In December 2010 the company’s Mobile Sports Betting Platform went live, allowing clients to bet via their iPhone
IPhone
The iPhone is a line of Internet and multimedia-enabled smartphones marketed by Apple Inc. The first iPhone was unveiled by Steve Jobs, then CEO of Apple, on January 9, 2007, and released on June 29, 2007...
or smartphone.
In June 2011 Spreadex acquired the client database of extrabet, the sports betting arm of IG Group
IG Group
IG Group plc is a British-based company trading in financial derivatives. While the majority of the company's activities are based in the UK the company has also expanded internationally...
.
Spreadex released its financial iPhone trading app in August 2011 allowing its clients to trade on the move.
In September 2011 Spreadex introduced an online Casino
Online casino
Online casinos, also known as virtual casinos or Internet casinos, are online versions of traditional casinos. Online casinos enable gamblers to play and wager on casino games through the Internet....
featuring table, card, slot, video poker, instant win games and a live dealer service.
Operations
Spreadex has operated from St AlbansSt Albans
St Albans is a city in southern Hertfordshire, England, around north of central London, which forms the main urban area of the City and District of St Albans. It is a historic market town, and is now a sought-after dormitory town within the London commuter belt...
, Hertfordshire
Hertfordshire
Hertfordshire is a ceremonial and non-metropolitan county in the East region of England. The county town is Hertford.The county is one of the Home Counties and lies inland, bordered by Greater London , Buckinghamshire , Bedfordshire , Cambridgeshire and...
since February 2008 and has a satellite office based in Liverpool
Liverpool
Liverpool is a city and metropolitan borough of Merseyside, England, along the eastern side of the Mersey Estuary. It was founded as a borough in 1207 and was granted city status in 1880...
. Spreadex takes bets via telephone, mobile and via their website.
Spreadex owns financial spread betting
Spread betting
Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome...
company www.shortsandlongs.com which was launched in October 2008.
Spreadex also operates a fixed odds betting pitch at Kempton Park Racecourse
Kempton Park Racecourse
Kempton Park Racecourse is a horse racing track in Sunbury-on-Thames, Surrey, England, which is a western suburb of London 16 miles from the city centre. The site is set in of land....
.
Regulation
Spreadex Ltd is authorised and regulated by the UK’s Financial Services AuthorityFinancial Services Authority
The Financial Services Authority is a quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. Its board is appointed by the Treasury and the organisation is structured as a company limited by guarantee and owned by the UK government. Its main...
(FSA).
Spreadex Ltd is licensed and regulated by the gambling commission
Gambling Commission
The Gambling Commission is Great Britain's regulatory body for most, but not all, gambling.-History:It was established under the Gambling Act 2005 and assumed full powers in 2007, taking over responsibility from the Gaming Board for Great Britain, in regulating arcades, betting, bingo, casinos,...
to provide fixed-odds betting, licence no 000-008835-R-104580-004.
In relation to casino betting, Spreadex Ltd is operating under an Alderney Gambling Control Commission approved Business Association with AGCC Class II License Holder, Chartwell Games (Alderney) Ltd, License #068