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Retail FX

Plus500 Is Highly Efficient in Profitability, but CMC Seesaws the Most

The Israeli broker’s revenue-to-profit ratio came in at 46.1 percent in the last fiscal six months.
CMC lagged with a ratio of only 31 percent.

Friday, 08/11/2024 | 08:19 GMT by Arnab Shome

Retail FX

Plus500 Believes in High Marketing Spends, IG and CMC Have Found Their Sweet Spot

The Israeli broker spent 13.6 percent of its six-month revenue on marketing and related fields.
Each of the two London-headquartered brokers spent 7.6 percent of their revenue on marketing.

Wednesday, 30/10/2024 | 08:58 GMT by Arnab Shome

Retail FX

CMC Moves Ahead in Australia, but IG Shows How Lucrative Singapore Is

Each Singaporean trader generated £4,914 in revenue for IG in H2 FY24.
Meanwhile, CMC’s revenue in Australia surpassed the figures it generated in the UK.

Wednesday, 23/10/2024 | 13:40 GMT by Arnab Shome

Brokers

IG Now Available on TradingView Platform

TradingView integrates IG as a broker partner, expanding trading options for 2 million users.
The platform also enhances futures data features for Singapore Exchange and ICE Futures Singapore contracts.

Wednesday, 16/10/2024 | 07:43 GMT by Damian Chmiel

Retail FX

OTC Derivatives vs ETPs: Which Is a Better Revenue Generator for CFDs Brokers?

XTB highlights growing demand for exchange-traded instruments across CEE and MENA.
OTC derivatives business revenues climb at StoneX on the back of a significant increase in the number of contacts.
Growth in options and futures volumes contribute to commission revenue at Interactive Brokers.

Wednesday, 25/09/2024 | 13:40 GMT by Paul Golden

Brokers

IG Group Launches Second Tranche of £150 Million Share Buyback

The buyback, managed by UBS, aims to reduce share capital and is set to complete by January 2025.
The program was initiated in August, and its first part was successfully completed.

Wednesday, 25/09/2024 | 09:36 GMT by Damian Chmiel

Retail FX

IG Group Ends Q1 FY25 with 15% Revenue Jump: “Revenue Per Client” Rises

The broker generated total revenue of £278.9 million in three months.
The number of active clients on the platform dropped by 1 percent.

Thursday, 12/09/2024 | 06:33 GMT by Arnab Shome

Retail FX

IG Group Redirects Daily FX Website, Launches “Trade Live with IG” Morning Show

The Daily FX website has now been redirected to IG Group’s official website.
The rebranding is part of IG Group’s strategy to leverage media, similar to its model with tastytrade, acquired in 2021.

Wednesday, 04/09/2024 | 16:48 GMT by Jared Kirui

Retail FX

'Largest Traders' in Singapore Save IG in FY24

IG Group average revenue per customer unchanged from 2023 as interest income props up total revenues.
Tastytrade expansion vital to recovering lost share of wallet in key markets.

Monday, 19/08/2024 | 13:40 GMT by Paul Golden

Executives

IG Group Promotes Ricardo Ghiglino as Head of Europe and Emerging Market Tech Delivery

Previously, Ghiglino served as the Head of ETP Delivery at IG Group.
He has also held other roles at Wit Engineering and Technology Ltd, NS Solutions, Deloitte, and IT Deusto.

Friday, 16/08/2024 | 14:08 GMT by Jared Kirui

Executives

IG Group Elevates William Mead to Operations Leader

Mead Previously Managed Trading and Credit Operations at IG Group.
Meanwhile, IG is removing PayPal as a payment option for UK users following FCA discussions.

Monday, 12/08/2024 | 09:53 GMT by Tareq Sikder

Brokers

IG Group Taps Morgan Stanley for First Tranche of £150 Million Repurchase

The broker launches £75 million share buyback, the first part of a new program.
The repurchase aims to reduce share capital and is set to complete by October 31.

Monday, 12/08/2024 | 06:32 GMT by Damian Chmiel

Retail FX

IG Ends PayPal Payments for UK Users Following FCA Discussions

Users are advised to use Apple Pay for instant and smooth payments.
Two IG subsidiaries saw profit declines in FY23, while IG Trading and Investments turned around.

Tuesday, 06/08/2024 | 08:37 GMT by Tareq Sikder

Retail FX

IG Group’s FY24 Profit Plummets: Sides £150M for New Share Buyback Program

The pre-tax profit of the brokerage came in at £400.8 million, 11 percent lower year-over-year.
Its net trading revenue also plummeted by 10 percent.

Thursday, 25/07/2024 | 06:34 GMT by Arnab Shome

Executives

IG Group Promotes Chris Old as Head of Organic Growth

Old has been with the group for over six years, joining as an SEO Manager for the UK in 2021.
He also served as the SEO Manager for EMEA and SEO Lead for IG.com.

Monday, 15/07/2024 | 20:59 GMT by Jared Kirui

Executives

IG Prime Taps Tomas Ausra for Head of Marketing Role

Ausra will oversee the global brand marketing activities of the institutional side of the business.
Prior to this, he was the Acquisitions Digital Marketing Executive at Euromoney Institutional Investor until 2019.

Monday, 08/07/2024 | 17:59 GMT by Jared Kirui

Executives

Former IG Group CFO Takes Helm as CFO & Executive Director at BMS

Charlie Rozes orchestrated IG Group's transition into a global trading platform, integrating tastytrade.
Previously, he managed Marsh McLennan's integration of JLT PLC, achieving cost synergies exceeding $350 million.

Monday, 08/07/2024 | 10:53 GMT by Tareq Sikder

Retail FX

IG US Takes the Plunge with Rebranding to tastyfx

The trading platform will mostly remain unchanged, with enhancements.
The US retail forex market is expanding, drawing traders due to its varied opportunities.

Monday, 24/06/2024 | 16:45 GMT by Tareq Sikder

Retail FX

IG Group Opens Waiting List for UK Options Trading under tastytrade Brand

tastytrade, the group's platform providing educational content and trading tools, will lead the venture.
The launch will coincide with an event hosted by tastytrade in collaboration with Cboe and CME Group.

Thursday, 23/05/2024 | 12:34 GMT by Jared Kirui

Retail FX

IG Group Appoints Mark Evans as Head of Corporate Development

Previously, Evans served as the Head of Consumer Insight and Strategy at the group.
He joined IG Group in 2015 as the Financial Planning and Analysis Manager.

Wednesday, 17/04/2024 | 13:46 GMT by Jared Kirui

Executive Moves

IG Group Names New Chief Operating Officer and Chief Risk Officer

Jody Dunn is now the COO and Sarah Gore Langton is the CRO.
Both appointments came as internal promotions.

Monday, 18/03/2024 | 06:19 GMT by Arnab Shome

Retail FX

Breaking: IG Group’s CFO and COO Resigns, Q3 FY24 Revenue Remains Flat

Charlie Rozes will be stepping down as the CFO and Jon Noble as the COO.
The broker generated £240.1 million in revenue in Q3 FY24.

Thursday, 14/03/2024 | 07:21 GMT by Arnab Shome

Retail FX

IG Group, Aichi Arena Corp, and AEG Ink Naming Rights Deal for Sports Arena in Japan

The IG Arena is scheduled to open in 2025.
The arena will serve as a hub for sports and entertainment in Japan.

Thursday, 08/02/2024 | 16:12 GMT by Jared Kirui

Executive Moves

Exclusive: IG Asia’s CEO Tony Lim Is Leaving after 9 Years

The broker’s CEO of APAC and Africa, Kevin Algeo, recently became the target of a mass layoff.
Earlier this week, Breon Corcoran joined IG as the CEO.

Thursday, 01/02/2024 | 11:36 GMT by Arnab Shome

Retail FX

IG Group's Earnings Take a Hit in Tough Market, Falling 32% in HY FY24

The company's numbers dropped amid a softer volatility, with a decline of 9% in total revenue.
However, the number of active and new customers shrank slightly, remaining near 2023's levels.

Thursday, 25/01/2024 | 07:38 GMT by Damian Chmiel

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