The Board of UK online trading leader IG Group Holdings plc (LON:IGG) has just announced that it has appointed Robert Michael (Mike) McTighe as Chairman of the Board. Jonathan Moulds will continue to serve as interim Chairman until 3 February 2020 when Mike McTighe's appointment takes effect. Mike McTighe is the Chairman of Openreach Limited,…
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Spread Betting and CFD broker ETX Capital has just announced the resignation of its CEO Arman Tahmassebi. Mr Tahmassebi had been with ETX for 3 years, joining as COO in 2016 after 1 year as COO at London Capital Group. He left LCG in January 2016. Prior to LCG, Tahmassebi was 14 years at IG…
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UK online trading leader IG Group Holdings plc (LON:IGG) has reported its financial results for 2018 (IG has a May 31 fiscal year end), sporting record revenues and profits - but indicating that results will likely be lower in 2019 due to the CFD leverage caps being instituted by ESMA, scheduled to come into effect…
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UK online trading leader IG Group Holdings plc (LON:IGG) has just noted that the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) have issued statements announcing measures on their work in relation to the provision of contracts for difference (CFDs) and binary options to retail clients. IG informed that it is…
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After reporting record Revenues for the first half of Fiscal 2018 (the company has a May 31 year-end), UK online trading leader IG Group Holdings plc (LON:IGG) has gone one better in Q3 (quarter ended February 28, 2018), reporting best-ever Revenue of £152.9 million. IG's previous best ever quarter was Q1-2018, when Revenues hit £135.2 million.…
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The TigerWit Group has announced that following the acquisition of Mercor Index it has changed the business name to TigerWit Limited and appointed Tim Hughes as Chief Executive Officer (CEO), with Mercor founder Simon Denham becoming Chief Risk Officer (CRO). The move brings together two former competitors, with Tim Hughes having been a longtime senior…
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UK online trading leader IG Group Holdings plc (LON:IGG) has reported its results for the first half of fiscal 2018 (i.e. the six month period ended November 30, 2017), indicating record half-year Revenues for the company. IG Group has a May 31 fiscal year end. Beyond the numbers, IG Group also outlined a number of…
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UK online trading leader IG Group Holdings plc (LON:IGG) noted that the Financial Conduct Authority (FCA) have today issued a letter to all providers and distributors of contracts for difference (CFD) products. IG informed that it welcomes the FCA's review on the provision and distribution of CFD products to clients on an advisory or discretionary…
Read moreNorth American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), has recently released a new and beefed up version of its binary options application for iOS devices. The latest version (5.0.5) offers improvements to the overall performance and user experience and also provides traders with the ability to securely upload application documents…
Read moreNorth American Derivatives Exchange (Nadex), part of IG Group Holdings plc (LON:IGG), has just posted some operating metrics for the first quarter of 2016, with the three-month period bringing a record year-on-year growth in both number of trades and trading volumes. The total number of trades in the first quarter of 2016 was up 64%…
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