LCG completes core trading platform migration

Online financial services and spread betting firm London Capital Holdings (LCG) has completed the migration of Capital Spreads and all white label partners to the new core trading platform.

LCG said it will now focus on delivering the new trading tools and applications for its clients.

The first of these deliveries is scheduled to take place this month.

Meanwhile, LCG has issued a trading update in which it has reported a decrease in trading activity during the three months to March 31, 2014.

LCG said that although trading activity was up in January and February, “muted” activity in March resulted in trading revenue falling to £4.7 million (€5.7 million/$7.9 million) in the first quarter, down from £7.6 million in continuing operations in 2013.

Average daily spread betting and CFD trades also fell 11% on the prior year.

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