Global fintech IG Group has announced it that it had entered into an agreement with Foris DAX Markets, Inc. to acquire Chicago-based futures exchange, the Small Exchange.
IG Group already has an established presence in the US which includes IG North America, as well as tastytrade, tastylive, tasty software solutions and IG US.
The Small Exchange was established in 2019. IG Group previously held a stake in the exchange, which was acquired by Foris DAX Markets, Inc., the parent company of Crypto.com, in March 2022.
IG Group’s acquisition of The Small Exchange will allow the Group to continue expanding its range of products and services in the US and to leverage the Small Exchange’s trading technology.
We’re excited to have had the opportunity to reacquire the Small Exchange. The future of market structure in the US depends heavily on product innovation at the exchange level, and I’m confident we can build an exchange that will scale and become a market leader over the next decade.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
