Global Trader, the UK-listed online spread betting company, may be put up for sale after receiving several approaches from potential buyers.

The company has hired independent investment bank Fenchurch Advisory Partners, who are expected to distribute an information memorandum within the next few days.

Global Trader offers spread trading and contracts for difference services to professional institutions and private investors. It operates in both domestic and international markets and conducts over 600,000 trades per year for clients in 26 countries.

Chief executive and co-founder of the business Fleur Gremen stands to make up to €9.6m from a sale. The company is valued at €80m, of which Ms Gremen owns a 12 per cent stake.

Recent deals in the spread betting and CFD market include the acquisition of IFX by City Index for £57.9m in August this year, and the purchase of a stake in Danish bank Saxo by General Atlantic Partners for €97.8m last year. 

Interest in Global Trader is expected to come from both financial institutions and trade buyers.