A new Irish financial spread betting company called Delta Index has been launched.
The company has been set up by actuary Conor O'Neill, a founding director of Dublin consultancy Life Strategies, which was sold to Marlborough Stirling for €5m in 2000, and technology specialist Michael O'Shea.
Other investors in Delta Index include former AIB head of treasury Dermot O'Donoghue.
The company says it will be dedicated to the financial markets and will not get involved in sports spread betting. Retail investors will be able to bet on individual shares or stock indices, as well as currencies.
Delta Index says that as financial spread betting is treated in the same way as gambling, there is no income tax, no capital gains tax and no stamp duty.
