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IGG - IG Group News Story

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Sector
Financials
Size
Large Cap
Market Cap £2.85bn
Enterprise Value £2.36bn
Revenue £663.7m
Position in Universe 224th / 1802

IG Group reports revenue jump on strong client trading

Thu 17th September, 2020 7:20am
Sept 17 (Reuters) - Online trading platform IG Group  IGG.L 
on Thursday reported a surge in first-quarter revenue as the
coronavirus crisis and fears of its impact on the global economy
continued to drive up volatility and trading volumes on
financial markets.
    IG, which provides retail investors access to trade over
17,000 financial markets through its dealing platform and mobile
apps, said net trading revenue for the three months ended Aug.
31 jumped to 209 million pounds ($270.51 million) from 129.1
million pounds a year earlier, while customer numbers were up
129%.
    
($1 = 0.7726 pounds)

 (Reporting by Muvija M in Bengaluru; Editing by Anil D'Silva)
 ((muvija.m@tr.com; within UK: +44 20 7542 1810, outside UK: +91
80 6182 2698; Mobile: +91 90 4702 2289;))
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