IG Group continues to grow its market share in its key markets.
Although overall activity remains well below last year’s levels across all of its key markets — similar to trends we see worldwide — leading UK-based online trading firm IG Group continues to increase market share, reporting Q2 activity (quarter ended Nov 30, 2012) that improved somewhat over Q1.
The only geography not showing improvement over Q1 was Japan, where FX trading volumes generally remain muted.
In terms of market share, IG Group reported that in the UK its market share in spreadbetting increased from 41% in 2011 to 44% in 2012 and in CFDs from 24% to 32%; in Australia market share increased from 34% to 37%.
For the full IG Group press release click here.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.