IG Group Reports Record Revenues, Pulls Back on Binary Options
Posted: Mon Jan 23, 2017 8:22 am
Online forex and CFDs trading and spread betting brokerage IG Group has announced its financial results for the first half of fiscal 2017 that ended on November the 30th 2016. The company reports record profits amid increasing numbers of new clients.
Net trading revenue was up 14 percent to £244.9 million ($305.1 million) when compared to the previous year. The result is in part related to increasing new and active client numbers. IG Group is reporting that the figure increased by 59 percent on a yearly basis.
Operating expenses rose by 23 percent, largely due to increased marketing ... (read more)