Revenue and volumes up in every region worldwide.
IG Group, the UK’s leading financial spreadbetting company, announced that in its Q3-2013 (for the quarter ended February 28, 2013 — IG has a May year-end) revenues and activity were up nicely in double-digit percent across all of its major regions — its home market of the UK (up 15% versus last year), as well as Australia (10%), Europe (22%), Japan (10%) and “Rest-of-the-World” (a whopping 51%, driven mainly by strong results in Singapore).
IG’s nice results are not really surprising, as we have already reported that January and February were very strong months volume-wise for FX and CFDs trading worldwide.
IG’s results by region:
IG Group continues its expansion in Europe and abroad. We recently reported that IG has hired Declan Bourke, formerly head of CMC Markets’ Ireland office and Head of UK, to open an office for IG in Dublin.
We believe that continued strong results for companies such as IG in the online financial trading sector, plus the rise in share prices generally and specifically for companies such as FXCM, will lead to more companies in financial trading looking to go public — including names such as Saxo Bank, Oanda, Alpari, and FxPro. Stay tuned…
For the full IG Group Q3 press release click here.
Forex Industry Report