LCG finalises Algoweb licensing agreement

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.

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