|Founded||London, UK (2002 )|
|Key people||John Wilson (Executive Chairman)
Andrew Edwards (CEO)
Marcus Scarlett (Finance Director)
|Services||Online trading, CFDs and Spread Betting|
ETX Capital is a UK based financial company that provides institutional, high net worth and retail customers with multi-asset market derivatives trading through financial spread betting and contract for difference (CFDs) products. ETX Capital is the trading name of Monecor (London) Limited.
Monecor (London) Ltd was incorporated in 1965 and became a member of the London Stock Exchange. Monecor (London) Limited launched a retail derivatives arm, TradIndex in 2002. However the name was changed to ETX Capital as part of a relaunch when the group acquired in 2007. It is said that the letters ETX reflect the business, as they stand for Electronic trading, Telephone trading, and eXecution services.
In November 2010, ETX Capital launched a German-language version of the website and trading platform after taking over the German operations of bankrupt Worldspreads. In 2011 ETX Capital continued its international expansion with the launch of websites and trading platforms in both Italy and France.
In November 2010, ETX Capital made a heavy investment into their new trading platform optimizing various elements.