Online financial services and spread betting firm London Capital Group Holdings completed the execution of its licensing agreement between its LCG subsidiary and Algoweb.
Under the software-as-a-service agreement, which was first announced in September, Algoweb will grant a licence to LCG to use certain software and services.
LCG will also have access to Algoweb’s retail distribution platforms and software as well as connectivity to post-trade services.
Charles-Henri Sabet, executive director of London Capital Group Holdings, and his wife own a 50% shareholding in Algoweb.
source : www.igamingbusiness.com