Tag: IG Group

IG Group
November 12, 2021 BY Steffy Bogdanova

IG Group completes comprehensive debt refinancing

Additionally, the company committed £300 million revolving credit facility (RCF) with an initial maturity of three years. IG has the ability to request a further increase in the RCF size to £400 million, as well as two maturity extensions of up to one year each. The refinancing also involved repayment and cancellation of the IG’s…

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IG Group
September 16, 2021 BY Steffy Bogdanova

IG Group reports £221.7 million in Q1 FY2022

The number of active clients in the first quarter touched 287,200. Excluding tastytrade, which IG Group recently acquired, active clients increased 12% in Q1 FY22 compared to Q1 FY21. Core Markets+ revenue stood at £192.1 million in Q1FY22, falling 4% compared to the last quarter. This is a reflection of the impact of ASIC regulation…

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Forex Weekly Look Back
July 16, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: X Open Hub’s Sylwester Jezierski discusses changes in the industry, FP Markets adds more than 500 share CFDs

With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every…

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July 12, 2021 BY Steffy Bogdanova

US banker Susan Skerrit joins IG Group as a non-exec director

IG Group Chairman, Mike McTighe, said: Following an extensive, externally facilitated search I am delighted to welcome Susan to the Board. She is an experienced Non-Executive Director and brings significant financial markets experience working with US-based companies and regulators, which will be highly valuable. Susan Skerrit commented: IG Group is an empowering and innovative company…

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Forex Weekly Look Back
July 02, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: IG completes $1billion deal with tastytrade, Robinhood files for IPO

BlackBull Markets has revealed a partnership with affiliate marketing network Commission Junction. The New Zealand-based fintech firm pointed out that the Commission Junction was selected as a referral partner due to its broad network of collaborators and reputation for complementing the organic growth that companies experience. BlackBull Markets will start drawing on Commission Junction’s solutions…

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Acquisition
June 29, 2021 BY Steffy Bogdanova

IG Group completes $1 billion deal with tastytrade

The official announcement said that up to $300 million of the transaction is in cash and 61,000,000 new ordinary in IG Group will be issued to tastytrade shareholders. Tom Sosnoff, Founder and co-CEO of tastytrade, said: The completion of this deal is a milestone moment for tastytrade. For the past decade, we have worked tirelessly…

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Forex Weekly Look Back
June 04, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Soe Hein Min returns to United Strategic, Robinhood appoints three new directors to Markets Board

Multi-asset execution and order management systems provider FlexTrade Systems and BMLL Technologies, independent provider of harmonised T+1 data and analytics to sophisticated capital market participants, announced that the BMLL Data Feed is available in FlexTRADER EMS. With BMLL’s Level 3 data and analytics financial institutions can leverage the predictive nature of full depth order book…

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June 04, 2021 BY Steffy Bogdanova

Lisa Pollina resigns as Non-Executive Director of IG Group

Pollina has over 10 years experience on the Boards of the Ritchie Brothers Auctioneers, The Depository Trust and Clearing Corporation, and Two Harbors Investment Corp, among others. At the time of her appointment at IG Group, she served at Ares Management providing consultative counsel on business services, financial services and technology investments through her role…

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Forex Weekly Look Back
May 28, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HSBC winds down US retail banking business, Playtech to sell Finalto for $210 million

The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…

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