Feeds

Caribbean bookies takes on the world's brokers

A real example of Internet empowerment -- for better or worse

  • alert
  • submit to reddit

Internet Security Threat Report 2014

IndexTrade.com is to offer Web users the opportunity to buy and sell from stock market indices usually only available to professional traders, even though the company has nothing more than a gaming licence from the government of Antigua. The service allows investors to bet on whether major indices such as the Dow Jones or FTSE100 index will go up or down during that day or week. As such, it is cutting deeper into the privileged financial options of market insiders and breaking down old-school financial barriers. However, any dealings in derivatives come with a host of warnings, and the site is being investigated by the UK's Financial Services Authority (FSA). Betting on indices is an extremely risky business and not for the uninitiated. The IndexTrade service is only the latest instalment in an ongoing argument over the pros and cons of online trading. Brokers have taken the high ground and warned of ignorant individuals bankrupting themselves and destabilising the economy. On the other hand, traders attack the elitist approach of brokers who have a vested interest in protecting transaction costs. Those investing their own cash are more likely to be careful. Plus, say critics, no Internet user is likely to lose £860 million in one transaction -- as Nick Lesson did when he bet on the Nikkei 225 index rising. It didn't and Barings Bank fell. With one in four stock trades now taking place over the Internet, online services will become increasingly important and are set to outstrip legal constraints. With IndexTrade, the FSA has admitted it has no authority to prevent UK surfers from taking advantage of its service. ® Related Stories Woman walks away from $70k online gambling debt

Choosing a cloud hosting partner with confidence

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.