IG loses Chief Market Strategist David Jones

IG’s reorg continues; Jones was one of the more influential London financial research voices for the past decade.

LeapRate Exclusive.… LeapRate has learned that longtime Chief Market Strategist David Jones has left UK spreadbetting firm IG (LON:IGG), to take a ‘bit of a break’, according to his personal website and Twitter feed. Jones stopped writing research for IG in early December, although he remains listed on IG’s website as an analyst.

Jones departure appears to be part of a remaking and reorganization of IG, which began earlier last year when IG Group paid millions of dollars for the IG.com url and rebranded its various businesses under the IG.com umbrella. Jones follows IG’s Head of UK and former MD of IG Index Tim Hughes out the door — as we exclusively reported earlier, Hughes left IG this summer after more than a decade at IG. It seems as though IG is not resting on its laurels despite maintaining a very strong leading position in the UK spreadbetting and CFDs industry.

Jones had joined IG as its senior research analyst and Chief Market Strategist in 2007, recruited to IG after holding the same position for several years at rival UK spreadbetting firm CMC Markets. He has been replaced as Chief Market Strategist at IG by Brenda Kelly, who also joined IG from CMC Markets, in 2012.

Other recent moves by IG have been focused on bringing in more retail forex and CFD traders. These include IG launching MT4 trading, and being one of the first online brokers to introduce greymarket trading in Twitter shares before Twitter’s November IPO — a move meant to draw in many of the young social media crowd who swear by the service.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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