Traders Exploit Loophole in FSA Ban


LONDON, September 24 /PRNewswire/ --     Traders are getting around last week's ban on short-selling by the FSA by
turning to fixed-odds financial betting according to leading financial
bookmakers http://www.BetsForTraders.com. The site has seen a surge in the
number of bets placed against banking stocks following Thursday's ban by the
FSA, with the most popular stocks being Royal Bank of Scotland, Lloyds TSB,
Barclays, Goldman Sachs, CitiGroup and Morgan Stanley. In the last 24 hours
83% of bets on the Royal Bank of Scotland and 89% of bets on Barclays have
been on the banks' share prices falling.

Ryan Kneale, Chief Market Analyst at http://www.BetsForTraders.com
comments:

"Thanks to the ban, fixed-odds financial betting overnight became the
only way of shorting a bank and it was inevitable that traders would find
this loophole as they scrambled to get around these protectionist rules.

"As a fixed-odds financial bookmaker, BetsForTraders.com enables betting
on the event of the share price falling and does not include any contracts or
buying or selling of the actual shares. We are therefore not subject to the
FSA's ruling which applies to spread betting companies and brokerage houses."

http://www.BetsForTraders.com

Launched in 2007, BetsForTraders.com is a fixed-odds financial betting
website which offers a range of 10 different types of fixed-risk bets on
financial markets, single stocks, stock indices and the foreign exchange
markets. Bets are fully customisable and operate through a real-time dealing
interface. Customers can test the site out for free by opening an account
with 10,000 virtual dollars.

As well as providing the largest range of bet types in the marketplace,
the company offers a range of unique bet options not available through other
betting sites. The website allows clients to "build their own bets" by
adjusting the parameters using a sliding bar feature to optimise the
price-payout ratio and specify the length of each bet, giving clients more
control and price transparency.

BetsForTraders.com is owned and managed by Trinitas Capital (IOM) Ltd,
based in the Isle of Man. The company is fully licensed to offer financial
bets by the Isle of Man government. The Isle of Man is an important global
banking centre and one of the best-regulated low tax jurisdictions. It holds
a Standard & Poor's AAA rating and has a high standard of accountability and
numerous player protection laws. Due to its strict regulatory regime, it is
one of only a few jurisdictions on the UK Government's White List, which
grants exemption from betting advertising restrictions. Trinitas Capital
(IOM) Ltd. is subject to regular audits, software inspections and ongoing
regulatory scrutiny by the Gambling Supervision Commission.

© PR Newswire Association LLC.

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