Tag Archives: London Stock Exchange
FlyWheel = BetFair’s advanced trading engine
Silicon:
[...] In the end, the R&D team came up with a betting engine, called FlyWheel, that could demonstrate a throughput of almost 100,000 transactions per second, while also reducing the cost per transaction by 200 times. Even with a traditional betting engine, Betfair processes five million transactions per day – much more than the London [...]
BetFair is expanding into spread betting.
London Capital Group:
London Capital Group Holdings PLC
29 October 2007
29 October 2007
London Capital Group Holdings plc
Betfair White Label Agreement
London Capital Group Holdings plc (the “Company”), the financial services and
online spread betting company, is pleased to announce that it has reached an
agreement with Betfair, the revolutionary egaming operator, to provide it with
the Company’s white label spread betting [...]
BetBrokers stock sliding at the London Stock Exchange
Opened at £16.50 on November 1st, 2006.
£4.62 this afternoon.
= -72% since flotation, if I can compute.
Our Deep Throat was probably right to be skeptical of their business model —we upset them at the time, of course.
Does betting exchange BetFair handle more daily trades than the New York Stock Exchange?
No, but BetFair might well be the world’s third financial exchange in terms of transaction volumes (which is a secondary metrics, of course).
Steve Roman (who works in NYC’s financial industry) attracted my attention to this line from The Los Angeles Times about the world’s #1 betting exchange (real-money prediction exchange), BetFair:
[...] the Internet gambling [...]
About Reuters, the alleged InTrade partner
Reuters (Key Facts):
- Founded in London in 1851
- Around 330,000 professional users
- Approximately 15,300 staff in 89 countries
- World’s largest international multimedia news agency – 2,300 editorial staff, journalists, photographers and camera operators in 196 bureaux serving approximately 130 countries
- In 2004 Reuters filed over two and a half million news items, including 440,000 alerts, [...]
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