Saskatoon,
BA were in fact "trading" in single figures in the market mentioned. I saw BA at 8/1.
As for Non Executive Directors of Bookmakers knowing EXACTLY which betting markets their trading ops are involved in on a daily basis.... not realistic I'm afraid.
Your point may well be valid that a Non Exec Director should guide a business towards best practice and corporate governance. However, it's most unlikely that he/she would be involved in any day to day running of the actual bookmaking operation.
As Lima/Alpha says, TCX is far from a terminator. More like a toothless Sheep in my experience.
Anyway, everyone knows the betting market was hot air and hype. Hardly any money changed hands.