IG Group to Report Positive Quarter Despite Trading Activity Headwinds

One of the biggest online retail brokers, IG Group (LON:IGG), has issued a positive trading update on the company’s quarter this morning. Despite headwinds for some parts of the industry, particularly in Japan, where trading volumes have materially declined, the results for IG in the second quarter of the fiscal year ending in May 2016 are going to be better than last quarter.

IG Group (LON:IGG) will issue its full financial statement on the six months ending on November 30th on January 19th, 2016.

In addition, the company outlines in its statement that it is on track with new client on boarding and is continuing the development of its strategic initiatives. Last week, IG Group (LON:IGG) announced the acquisition of personalized investment manager InvestYourWay.

The Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term is part of a broader push for the brokerage into investment management after a partnership deal with Blackrock was announced in July. The expansion of some brokers into the field is very likely to open a new revenue stream for online brokers.

IG Group is not the only brokerage looking to capitalize on investment management opportunities. JFD Brokers has been working on an internal solution, while Darwinex recently upgraded its solution which is opening doors for its clients to become investment managers on their own.