Financial Spread Betting in Alderney and Guernsey Ramped Up for Regulation

According to the Alderney Gambling Control Commission or AGCC, the organization has teamed up with the island of Guernsey financial regulator to provide financial spread betting licensing to gaming operators. Based on reports, AGCC claimed this is a huge milestone agreement between the parties involved particularly the gambling regulator located in Alderney.  It is likewise a proven landmark that bound the Financial Services Commission in Guernsey to work for better services to Internet gaming operators and the industry as a whole in the island. There are various online casino net sites operating in the jurisdictions that need further assistance particularly in financial spread betting. Business Development Director for AGCC, Robin Le Prevost, told the press that the jurisdictions know operators in spread betting.

Prevost added that the CFD or contract-for-difference along with the binary options industry were looking out for quality territories to make their operations headquarters. According to sources such as, the exec added that there have been offers and recommendations before. Although the Alderney Gambling Control Commission has already been approached before, they were not able to accommodate those requests due to the nature of some of the products particularly in the investment sector. The discussion between the Guernsey Financial Services Commission and AGCC is the result. There are tackled concerns regarding the collaboration and the respective demarcation remits of the organizations involved. The combination and complementary nature of the two regulators have resulted to the plans of regulating the financial spread betting niche for dual licensing.

AGCC and the Financial Services Commission based in Guernsey have invested their skill sets in order to come up with a remarkable way of offering dual licensing. The licensing will fully cover a wide range of products the financial spread betting sector specializes in. These products would include contracts for differences or CFD, binary betting, binary options and all forms of spread betting. Prevost concluded that Alderney is considered a world acclaimed company highly recommended for its commercial environment. It is also a promising venue with beneficial and stable government as well as technical prowess, elements that will be enhanced with Guernsey’s partnership.

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