IG Group Holdings

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IG Group Holdings
IG Group.jpg
Founded 1974
Headquarters London, UK
Key People Peter Hetherington, CEO; Andy Green, non-executive chairman
Products Spread betting, binary options, contract-for-difference (CFDs)
Website www.iggroup.com

IG Group Holdings plc offers financial derivatives, including Contracts for Difference (CFDs) and financial spread betting, to retail and professional clients. [1]. IG Group is the parent company of IG Index, the UK's largest and longest-running spread betting business and IG Markets, the UK’s number one CFD provider. IG Group is also the parent of Nadex and extrabet.com.

The group is now one of the UK’s top 200 firms and is listed on the London Stock Exchange and the FTSE 250 and has a market capitalization of £2.92 billion as of March 2016.[2]

It is based in London with operations in another 15 countries. It opened its first overseas office, in Melbourne, Australia, in 2002.

History

IG Group was founded in 1974 as the original spread betting house, which at the time offered a new way for people to trade on the price of gold by dealing on the price of an index rather than trading the commodity itself. Over the years the firm spread the concept to other products and, as the internet emerged in the late 1990s as a venue for trading, IG Group introduced online dealing.

In 2003 IG Group introduced binary options and in 2007, the company purchased the assets of HedgeStreet, the forerunner to US-based binary platform Nadex.

IG Group launched its second Swiss bank in Zürich in 2018 (after Geneva in 2014), and in 2015 opened a Dubai (UAE) office.

Key People

References

  1. Information about its Businesses. IG Group.
  2. IG Group. Bloomberg.