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Hantec Markets has announced that it will be expanding its service and moving into the field of financial spread betting brokers, following the high volatility across the field so far this year.
Spread betting is an increasingly popular product for brokers in the UK and Ireland and Hantec Markets will benefit from being the official partner of West Ham United FC. The new spread betting service will offer access to more than 50 financial instruments, including gold, currencies and indices.
A Hantec Markets spokesperson commented that: “we’re a niche firm that we like to think offers a better client experience and service than some of the big companies. However, since we have become the FX Partner to West Ham United FC there has been a lot more interest in the products we can offer our clients.”
The new spread betting product has been specifically tailored to meet the needs of the UK and Irish markets, and Hantec plans to leverage existing partnerships for marketing the offering. The principal marketing channel the firm plans to use to attract clients to its new product is the ongoing sponsorship partnership with West Ham.
The company spokesperson also said: “Although we have a global client base, to appeal more to UK residents was always part of the West Ham United FC’s Partnership project, and we feel spread betting will help us achieve this.”
Hantec Markets uses Gold-i technology for the delivery of the spread betting offer, which leverages existing tech and combines it with the infrastructure already available from this leading FX technology provider.
The company spokesperson added: “The technology is now much more readily available than it had been a few years previously, but there’s still a considerable amount of integration work required in order to offer the product. Finding a liquidity provider of the instruments you want to offer and sufficient bridge capabilities in order to offer them are instrumental.”
The spread betting product was launched as a response to increasing demand from clients and the principal differentiating factor is that clients will receive ‘pounds per point’ movement.
This spread betting product will only be available to clients located in the UK and Ireland, because, at this moment in time, they are the only countries which can take full advantage of the current spread betting tax status.
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