简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Demand for exchange-traded derivatives increased exponentially. Tastytrade generated £28.4 million in the quarter.
IG Group Holdings plc (LON: IGG) on Wednesday reported a 13 percent jump in its revenue between December and February, which is the third quarter of the financial year for the company. The broker generated £257.2 million in the three months.
IG highlighted that the comparative period was very challenging as Q3 of FY21 witnessed an “extraordinary 'meme stock' related volatility .”
Out of the total, £219.3 came from IGs over-the-counter (OTC) leveraged derivatives business, which jumped by 4 percent from the same quarter of the prior year. However, stock trading and investment revenue dropped by 54 percent to £6.6 million.
The largest revenue driver was the platforms exchange-traded derivatives. It brought in £31.3 million in the reported three months from a negligible figure of £1.9 million in Q3 of FY21. Additionally, it factored in the revenue from tastytrade that generated £28.4 million in the quarter.
“I'm delighted to be reporting another quarter of outstanding performance driven by a record number of clients trading in the period,” said IG Groups CEO, June Felix.
Record Number of Clients
Moreover, the client figures of the broker came in to be very impressive. The number of quarterly active clients came in to be 292,200, compared to Q3 of FY21s 220,900.
“Today, we have more clients and a broader range of products to trade than ever before in our history. But, we aren't stopping here - a new IG is emerging, and we're excited by the opportunities ahead of us, building on our strengths and track record of delivery,” Felix added.
Furthermore, the broker said that it is now expecting FY22 revenue to moderately exceed current market expectations. However, for tastytrade, revenue growth may remain below the previously guided 25 to 30 percent range for FY22 due to slower growth in US options trading volumes in the recent quarters.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
An individual trader has come forward with allegations of an unfavourable experience while using the services of the broker TradeEU.global.
A 49-year-old e-hailing driver in Malaysia fell victim to a fraudulent investment scheme, losing RM218,000 in a matter of weeks. The scheme, which falsely promised returns of 3 to 5 per cent within just three days, left the individual financially devastated.
SFC freezes $91M in client accounts at IBHK, SBI, Monmonkey, and Soochow over suspected hacking and market manipulation during unauthorized online trades.
The Italian regulator, CONSOB has issued a warning against five websites offering unauthorized financial services. This regulatory action aims to protect the public from fraudulent activities.