Product Offerings
Financial Spread Betting and CFDs
SYCAP offers financial Spread Betting and CFDs through its
company Gekko Global Markets. Gekko became operational during
February 2009.
Gekko is offering prices on a wide variety of UK, European and
US shares, stock indices, commodities, foreign exchange and bonds.
The company will actively be using white labels for quickly
expanding its client base. Clients can open accounts in up to 19
currencies and trade any instrument with any of these 19
currencies. The Directors believe that its Spread Betting companies
offers its clients amongst the tightest spreads in the market,
which theoretically should result in its clients increasing their
chances of making a profit for any given trade.
The Directors believe that its company can offer narrow spreads
to its clients on a profitable basis as a result of its low cost
base, which has been achieved for a number of key reasons,
including:
- SYCAP has developed and owns all software that is used to offer
the Spread Betting and CFD service and because of this no 3rd party
license fees are being incurred;
- SYCAP has developed a number of marketing tools including
InteractiveSignals (online trading signals generator online) which
it owns and thus will not have to buy these services from 3rd
parties;
- The SYCAP companies does not usually offer credit to its
clients. Every time a client trades an automatic stop-loss is
generated which reduces the risk that the client will lose more
than the amount deposited in his or her account. This policy
results in a very low level of bad debts and negates the
requirement for an extensive credit control system. In the opinion
of the Directors, the policy enables clients to trade with a
smaller initial deposit requirement than they would need for
trading with many of its competitors, which means that clients do
not have to tie up large amounts of capital in order to fund their
accounts; and
- Over 99 % of trades are executed online which enables SYCAP to
operate on lower staffing levels compared to operators who execute
a higher level of business on the telephone. This allows staff to
focus on client service and relationship management when
required.
White Label Partnerships
SYCAP's PRIME Platform™ was designed from inception to be used
as a White Label solution for third parties. SYCAP offers its White
Label partners a comprehensive service that includes a bespoke
website which is usually branded in the partner's livery. The
typical White Label partnership includes an online and telephone
trading service, a customer support resource, market making
services and transparent real-time reporting. Gekko absorbs all the
market risk and protects the White Label partner from the losses
associated with clients' positions.
The White Label partners agree to market the product to their
customers in return for a share of the revenues. Each White Label
site is presented to customers as a stand-alone business and links
to Gekko are kept to a minimum, allowing the partner the ability to
maintain brand integrity. Gekko currently has several white label
and introducing broker partners.
Software Licensing
SYCAP's PRIME Platform™ can be offered as a complete turn-key
solution for companies that want to offer CFD and Spread Betting
services to their clients.
The platform is a complete trading complex with front end
trading client, back office, account handling, credit card
processing, dealer and risk screens, CRM, charting, customer
service administration, reporting and much more. Given the complete
package that SYCAP offers there is no need for a client company to
get any outside software in order to provide the services.
The company has a portfolio of other products that will be spun
off in the near future and offered through separate companies owned
by SYCAP to create the most value out of each product. Some of
these products are:
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