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Marketspreads

  • 18-04-2012 6:45pm
    #1
    Roonbox
    Registered Users, Registered Users 2 Posts: 499 ✭✭


    Does anyone have any idea if/when Marketspreads will be able to start trading again?

    The homepage still says the following -
    Dear Clients,
    Yesterday we met with the Bank and there were no surprises. Having been put through this extraordinary process, it’s arguable that, when we’re permitted to reopen, MarketSpreads will be the safest place in these islands to have your spread trading account. Next steps:

    • Our auditors, who have already done a huge amount of work on them, are finalising the 2010 accounts. We have every
    prospect of getting this done in the next two weeks which will deal with the audit opinion issue.
    • The remaining issue is capital adequacy. This is sortable we believe in the next week or so as well, working closely with the
    Bank.

    We are in the hands of the Bank. It is conceivable that your service will be back in action in the next 2 weeks. In the meantime the platform is available to you for checking prices and charts. Thank you for your continued patience and support.
    John McGlade, Joint acting CEO, 086 8105999 John McNicholl, Joint acting CEO, 086 6182165

    www.marketspreads.ie

    I havent heard any updates since..


Comments

  • #2
    liammur
    Closed Accounts Posts: 3,461 ✭✭✭liammur


    Roonbox wrote: »
    Does anyone have any idea if/when Marketspreads will be able to start trading again?

    The homepage still says the following -
    Dear Clients,
    Yesterday we met with the Bank and there were no surprises. Having been put through this extraordinary process, it’s arguable that, when we’re permitted to reopen, MarketSpreads will be the safest place in these islands to have your spread trading account. Next steps:

    • Our auditors, who have already done a huge amount of work on them, are finalising the 2010 accounts. We have every
    prospect of getting this done in the next two weeks which will deal with the audit opinion issue.
    • The remaining issue is capital adequacy. This is sortable we believe in the next week or so as well, working closely with the
    Bank.

    We are in the hands of the Bank. It is conceivable that your service will be back in action in the next 2 weeks. In the meantime the platform is available to you for checking prices and charts. Thank you for your continued patience and support.
    John McGlade, Joint acting CEO, 086 8105999 John McNicholl, Joint acting CEO, 086 6182165

    www.marketspreads.ie

    I havent heard any updates since..

    Got this email from them. I hope their business hasn't suffered irreparable damage. Why on earth it was suspended I don't know.

    We’reback open for business!

    TheCentral Bank of Ireland has just officially lifted the suspension saying it’ssatisfied with the steps which the firm has taken to address its legacyfinancial issues.
    From Sundaynight at 11pm, the MarketSpreads desk will be ready, willing and able toexecute trades.
    If youhave any difficulties placing trades please ring us immediately on Dublin 018630400 and we’ll ensure you're up and running quickly. For some clients we may need up to dateID and proofs of address.
    Finally,let me reiterate how deeply grateful all staff at MarketSpreads are to you ourvalued clients for the unbelievable support shown to and for us.
    Withvery best regards,


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