Online trading firm IG Group Holdings plc (LON:IGG), the largest of the UK-based online financial spreadbetting firms, has issued a statement on its operations over the past day since news broke of the Leave side victory in the UK Brexit referendum.
IG reported that it managed its operations and exposure very effectively through the night and into today, focusing mainly on assisting clients.
IG also noted that the start to its 2017 fiscal year (which began on June 1) has gone well so far, with the company performing in line with expectations.
The full statement issued by IG reads as follows:
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Statement on impact of EU Referendum vote
Posted: 24/6/2016
IG Group Holdings PLC
Given the extremely unusual nature of the event and the significant movements in financial markets, IG Group (“IG”, “the Company”), a global leader in online trading, today issues the following update on the immediate impact of the trading around the EU Referendum.
The Company managed its operations and exposure very effectively through the night and into today. IG’s emphasis has been on assisting clients through this period of uncertainty, through measures both ahead of and during the event. The financial markets may remain unpredictable for some time to come and IG will continue to monitor and manage exposures and client positions very carefully. Although very early in the financial year, the Company is performing in line with expectations.
IG will release its financial results for the year ended 31 May 2016 on Tuesday 19 July 2016.
For further information, please contact:
IG Group
Kieran McKinney Head of Investor Relations 020 7573 0026