IG Group Sees Solid Growth in FY22

In an official announcement on 15 August, IG Group, one of the leading online financial trading services providers, confirmed record growth in the year ended 31 May 2022. During the reported period, IG Group witnessed a solid jump in revenues, the total number of active clients and the total dividend per share.

Additionally, IG Group highlighted the company’s key achievements in FY22, including the announcement of IG’s new Capital Allocation Framework and share buyback program. The company completed its first corporate bond issuance in FY22.

“We have achieved outstanding financial performance while continuing our journey to become a more diversified innovative global fintech. We have made great strides since we announced our strategy in 2019, and we now see the emergence of a materially evolved organization. Today, we are in a very strong position in multiple markets, offering our ambitious clients a great range of products to meet their needs. Through our organic and inorganic regional expansion, we have created substantial scope for growth in significant and larger addressable markets. I strongly believe that we are better positioned for future growth than ever before,” June Felix, IG’s CEO, commented.

Last week, Glen Hastings, the former FX Institutional Liquidity Manager at Price Markets UK, joined IG Group as Institutional Sales Manager to drive the company’s growth.

Global Markets

IG Group highlighted its growth across key global markets in FY22. The company noted that it made substantial progress in the European region through Spectrum, IG’s Frankfurt-based pan-European trading venue for securitized derivatives.

“This year Spectrum welcomed two additional brokers and introduced further trading opportunities on turbo certificates with selected equities and cryptocurrencies. Further growth is expected in FY23 and beyond as we integrate additional third-party brokers, as well as integrate two tier-1 European banks as product issuers later this year,” Felix added.