London Capital Group (LCG), a spreadbetting and CFD trading provider, has announced its partnership with the online trading provider, IG Group. LCG said it wants to leverage IG Group’s platform, pricing and execution technology.

“IG’s Web Trading Platform is well established, industry-leading technology, backed by IG’s excellent pricing, liquidity and execution. We’re delighted to add their platform to our existing offering and believe it positions us strongly to onboard brokers and high value clients for the next stage of the LCG journey,” Matt Basi, the Managing Director of LCG said.

In addition, LCG announced that it will collaborate with “industry-leading providers” as part of its new evolution. The planned action will enable the firm to provide its customers with “access to the best products, technology and pricing from across the financial markets.”

'LCG On a New Growth Journey'

LCG's new partnership with IG Group comes three weeks after the CFD trading provider announced "major changes" to its business. These changes include a newly-created team headed by Dave Worsfold, Matt Basi and Stuart Dorward, the firm's CEO, Managing Director and Head of Sales and Trading, respectively. The company said the team "will be leading LCG on a new growth journey."

"Bringing a combined 60 years' experience in financial derivatives, they will seek to onboard the best brokers, dealers and clients in the industry. Together they will build a customer-led service proposition powered by best-in-class pricing and technology, in partnership with the leading providers in the sector," LCG wrote in a LinkedIn post.

In a separate LinkedIn post, Basi expressed excitement at joining LCG on its new business trajectory.

"There's a long-standing gap in the market for a brokerage to put its clients and staff [at the] front and centre of its offering, and build a business powered not just by great tech and liquidity, but by relationships and service. We aim to plug that gap and build great partnerships with our clients, our counterparties and our people," Basi wrote.