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IG revenue surges in Q1 as 'high level' of trading activity continues

By BFN News | 07:21 AM | Thursday 17 September, 2020


Online trading platform IG reported a surge in first-quarter revenue as client growth and a 'high level' of trading activity continued to underpin performance. For the three months to 31 August 2020, net trading revenue rose 62% to £209m on-year. Performance was driven by a combination of continued high levels of trading activity from existing clients and growth in the active client base, with 201,500 total active clients, up 50% on the prior year, the company said. The company added that 34,600 new clients placed a first trade in the quarter, 129% higher than the prior year, with 23,500 of these representing new OTC leveraged clients. Story provided by StockMarketWire.com

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