Spread betting firm scraps Elan euro contract over ‘inefficiency'

Shares Spread will drop its contract in euro-listed Elan shares after complaining about “market inefficiency" in the pricing of the drug company's shares during Dublin trading hours.

27th November, 2004

Shares Spread, the financial offshoot of spread betting firm Sports Spread, will drop its contract in euro-listed Elan shares after complaining about “market inefficiency" in the pricing of the drug company's shares during Dublin trading hours.

The firm will drop its existing Elan contract from the end of December when the current contract expires, and will instead quote dollar prices based on the Elan listing in New York.

The move comes after Shares Spread...

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