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IG Group
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Retail FX
Breaking: IG Group to Reduce 10% Staff Globally
2023-10-31T09:12:14.132+02:00
The broker is aiming at a full run-rate cost savings of £50 million per year.
It came after a review of the company’s cost-efficiency opportunities.
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Arnab Shome
Brokers
IG’s Q1 OTC Revenue Drops 8% despite Strong Interest Income
2023-09-14T08:52:20.009+02:00
The broker generated £34.4 million in interest income alone.
Active clients on the platform declined to 267,000.
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Retail FX
IG Group's American Arm Joins FIA, Expands Its Global Trading Network
2023-08-30T23:59:33.244+02:00
IG entered the US market in 2021 through the $1 Billion acquisition of tastyworks.
The group's revenue from its US operations surged 47% to £191.3M in FY23.
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Executives
CEO of IG Group, June Felix, Steps Down Due to Ill Health
2023-08-29T09:30:24.478+02:00
She has been on medical leave since July.
The broker has initiated the search for a permanent CEO.
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Retail FX
News Nuggets | 2 August: IG's Share Buyback; New Features on Fortex
2023-08-02T12:47:56.914+02:00
Also, the partnership between Crossover Markets and Liquid Mercury.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Brokers
IG Group Ends FY23 with Lower Trading Revenue, Expands Share Buyback
2023-07-20T09:21:13.059+02:00
The trading revenue of the broker has declined 3 percent.
It allocated £250 million more to its share buyback program.
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Institutional FX
IG Group's CFO Temporarily Becomes the CEO
2023-07-03T10:50:03.285+02:00
The group's CEO June Felix is going on medical leave.
IG will release the financial results for the fiscal year 2023 on July 20.
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Jared Kirui
ADVERTISEMENT
Retail FX
News Nuggets | 25 May: Gate.io in Hong Kong; CFI's New Office
2023-05-25T11:30:50.990+02:00
Also, IG's caution against market volatility.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
News Nuggets | 11 May: Zenfinex, Trading 212 Executives; IG's Warning on TRY
2023-05-11T12:31:19.301+02:00
Also, BIS on offline CBDC and crypto airdrop on eToro.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Executives
IG Group Hires NatWest Group’s Adam Wheelwright as CTO
2023-04-04T15:00:18.352+02:00
Wheelwright has previously worked with UKHSA, Nomura, Dresdner Kleinwort and UBS.
The executive's appointment comes a day after IG Group agreed to acquire Small Exchange.
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Retail FX
IG Group Acquires Small Exchange from Crypto.com’s Parent
2023-04-03T21:52:27.586+02:00
The company previous sold its stake in Small Exchange for a return on investment.
However, the firm is now turning to the futures exchange to expand its US offerings.
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Retail FX
IG Group Expands Share Buyback Program with £50 Million Third Tranche
2023-04-03T10:08:50.023+02:00
IG Group initiates the £50m third tranche of the share buyback program, extending to £200m.
The tranche runs from 3 April to 31 August, aiming to reduce share capital.
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Brokers
IG Closes Q3 with 18% OTC Derivatives Revenue Drop
2023-03-15T09:55:02.334+02:00
Active clients of IG’s OTC products dropped by 8 percent.
The group is expecting to meet market expectations with FY23 revenue and profits.
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Executive Moves
Martin Price Joins IG as Investor Relations Head
2023-03-09T13:38:50.214+02:00
Price most recently worked at Jefferies’s equity research team.
He will join IG on 14 March.
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Retail FX
IG Sees 10% Revenue Jump in H1 FY23, Extends Share Buyback Program
2023-01-26T10:19:03.481+02:00
Its basic earnings per share came in 5 percent lower.
The company allocated an additional £50 million to the share buyback program.
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Executives
Ramon Kaur Announces IG Group Departure
2023-01-06T18:19:28.574+02:00
Her exit from IG Group was announced on LinkedIn.
Kaur had been with the IG Group since Feb 2017.
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Retail FX
LCG Enlists IG Group, to Engage Other ‘Industry-Leading Providers’
2023-01-06T18:16:55.282+02:00
The move is part of "major changes" LCG's business is undergoing.
The firm recently created a new team to lead it on "a new growth journey."
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Executive Moves
Michael Logue Rejoins IG, Takes Up Head of Product and Marketing Role
2022-12-20T08:39:17.360+02:00
He rejoined the firm after spending a year at IG subsidiary tastytrade.
He has been a part of IG Group since 2012.
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Executives
IG Group Promotes Manuel Barbero to Global Head of Acquisition & Media
2022-12-13T23:06:02.826+02:00
Barbero was previously the broker's Global Head of Media for Performance Marketing.
The executive boasts of about 13 years of industry experience.
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Executives
Johan Wiese Joins IG Markets South Africa as Director
2022-12-08T16:40:44.836+02:00
Wiese was previously the firm's Finance COO.
IGMSA also terminated Richard Heading's appointment as the Finance Director.
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Brokers
IG Group’s Q1 FY23 Revenue Jumps by 11%
2022-09-15T08:55:15.690+02:00
Revenue for the OTC business saw 5 percent growth.
Active traders remained in line with the previous year.
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Executive Moves
IG Group Hires Tobias Stöhr as the Head of Sales in Germany
2022-09-06T09:14:55.847+02:00
He joined IG from Spectrum Markets, an independent unit of IG Group.
He brings an extensive working knowledge of working in the German trading industry.
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Analysis
Analysis
Analysis
Will Crypto Tycoons Threaten Traditional Brokers?
2022-08-25T14:59:28.821+02:00
There has been enormous growth in the cryptocurrency industry.
Crypto exchanges may want to expand into equities and CFDs.
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Brokers
IG Group Sees Solid Growth in FY22
2022-08-16T09:09:38.169+02:00
The total dividend per share came in at 44.2p, compared to 43.2p in FY21.
The company strengthened its positions across key global markets during the mentioned period.
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Bilal Jafar
Executive Moves
Glen Hastings Joins IG Group as Institutional Sales Manager
2022-08-08T14:46:05.353+02:00
Hastings previously worked at Finalto.
In his broad career, he worked at Price Markets UK.
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See more
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