Flexihedge has launched a new financial betting exchange.
The service allows customers to lay and back odds on a range of price outcomes and dates, rather than make leveraged bets against pip movements.
Users are also able to ‘make their own markets’, go ‘out of the money’ and take longer-term fixed-date positions, from one week up to one year ahead, which Flexihedge said are not possible via traditional spread betting and CFDs.
Flexihedge is licensed and regulated by the UK Gambling Commission, with all customer funds held in a fully segregated bank account and also protected by an independently administered corporate trust.
Josh Miller, founder and chief executive of Flexihedge, said: “Four-and-a-half years ago, I asked myself: ‘If there was an eBay of risk – financial market risk – what would it look like?’
“On the 30th anniversary of the financial big bang, the world’s first financial betting exchange opens for business; Flexihedge is one small step for share punters, one giant leap for the sharing economy.”