IG sees strong performance globally, but especially out of Japan FX trading.
IG Group, the UK’s leading financial spreadbetting company, announced that in its Q4-2013 (for the quarter ended May 31, 2013 — IG has a May year-end) revenues and activity were up nicely in double-digit percent across virtually all of its major regions. In particular, Japan had a nice turnaround and saw revenues up 32% over last quarter — not surprising, as we’ve seen record Japan FX volumes reported this year by several other FX brokers.
For the year, however, IG reported revenues down 1% from 2012 — attributable to weaker results in the now-forgotten first half of the year.
We recently reported that IG Group was in fact working hard to rebrand its operating businesses as just ‘IG’. As part of that, IG spent millions of dollars buying the IG.com domain name, previously a search portal in Brazil.
For the IG Group press release on Q4 results click here (pdf).