Delta Index says that approval from the Irish Financial Regulator clears the way for the firm to start rapidly expanding throughout Europe as a financial spreading betting and contract for difference (CFDs) provider.
The company also says the move will lead to the creation of 100 new jobs over the next three years. It says it is already positioned for immediate trading in the two key markets of Germany and the UK.
Delta's joint managing director Michael O'Shea said the recent current market situation has resulted in a 300% increase in trading for the firm.
'We have seen a record month of trading with volumes on Irish, UK, European and US banking stocks all trading at unprecedented levels to take advantage of current market conditions,' Mr O'Shea said.
'Our traders are looking to maximise gains from the current market volatility and for many of those whose shares have taken a knock, financial spread betting provides an opportunity to recoup some of their losses,' he added.
Financial spread betting allows retail investors to bet on the movement up or down of shares, or indices such as FTSE, Nasdaq, or commodities such as oil or gold or currencies.
