Bringing you live news and features since 2006 

IG Group reports 40 per cent revenue increase

RELATED TOPICS​

IG Group, the parent company of Chicago-based IG Markets, has reported that revenues increased 40 per cent to GBP257.1m for the fiscal year ending 31 May 2009.

‘IG has again delivered excellent growth,’ says chief executive Tim Howkins (pictured). ‘We have made encouraging progress in each of our newer offices and they all have scope for significant further expansion. Alongside our direct offering to retail clients, we also continue to develop our network of institutional partners. The group is in good health, with a strong competitive lead and I remain confident about the prospects for the coming year.’

Among factors contributing to increased revenue in 2009 are the efforts to further diversify internationally, evidenced by the new offices opened in Milan and Luxembourg as well as the acquisition of FXOnline Japan in October 2008.

IG has achieved compound annual revenue growth of 40 per cent over the past 11 years.

‘Given the current state of the US economy and the wariness it’s inspired in today’s traders, it’s important that we be transparent about our finances,’ says IG Markets chief executive Rod Drown. ‘We couldn’t be more pleased to be able to report such good numbers to the public, and trust that it demonstrates that we are a very healthy futures firm.’

IG Markets specialises in financial derivatives, principally binaries and options, as well as margined foreign exchange. Clients include brokers, fund managers and trading companies as well as private investors.

IG Group Holdings, founded in 1974, offers speculative investment products to a retail and professional client base, through a number of well-known brands.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by