Betfair to shake up financnial trading, commodities and currency markets

Betfair, the peer to peer betting business has registered with the Financial Services Authority (FSA) to offer spread betting facilities as part of a wider plan to revolutionise the way people punt on tghe markets.

Moving things on from its current simple offer of bets on which way the FTSE will move, the company is said to have installed senior investment banker Robin Osmond who is looking to implement technology that can match more trades per second than other existing trading systems – matching 10 times as much, reports the Daily Telegraph.