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Trading platform IG Group at an all-time high

Published: 06:57 12 Sep 2024 EDT

IG Group Holdings Plc - IG Group at an all-time high

Online trading platform IG Group Holdings Plc (LSE:IGG) has hit an all-time high share price of 970p following a first-quarter trading update.

The FTSE 250-listed company achieved quarterly revenues of £278.9 million up by 15% year-on-year.

This is despite on-platform customer numbers falling by 1% year on year to 263,200.

IG Group specialises in the trading of over-the-counter (OTC) derivative products, which allow retail investors to speculate on price movements of securities without engaging in the formal stock exchange.

The company put its strong first-quarter performance down to “elevated volatility” in the market.

IG Group is currently valued at £3.51 billion.

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