Called Saxo Bank Financial Spreads, the bank is hoping that it will lead to a substantial increase in its UK business.
Spread betting has become extremely popular in the UK for various reasons. The leading providers, such as IG Index, CMC Markets and London Capital, have arguably done more to democratize the UK market than any of the banks or regulated exchanges. UK punters can trade a vast array of products, and because positions are considered as bets, they are exempt from tax.
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