IG created the concept of financial spread betting, enabling clients to deal on the price of gold as an index rather than trading the commodity itself. This made the market far more accessible and removed the prohibitive costs associated with commodity trading.
In the following years we expanded rapidly, underpinned by market-leading technology which supported round-the-clock client trading. We were the first spread betting firm to introduce online dealing in 1998, capitalising on the emergence of the internet and an increased awareness of financial products.
The company became IG Group in 2000, adding IG Markets then later IG Markets Japan and Nadex as it continued to grow. The group is now one of the UK’s top 200 firms, listed on the London Stock Exchange and the FTSE 250.
Innovation and technology
Product and technological innovation have been key elements of our successful development. As pioneers of the online trading of financial derivatives, our businesses have repeatedly broken new ground, helping IG Group as a whole to become a highly successful and valuable company.
Core to our success are our multiple-award-winning, browser-based platforms and suite of mobile apps, which enable clients to trade quickly and securely wherever they are.
Our platforms combine reliability, even during periods of intense client activity, with a huge range of cutting-edge trading tools and technology.
Some of our other key innovations include:
- Price improvement: a unique tool that offers clients the best price in volatile markets
- Deal-through charts: advanced, real-time charts that let clients trade directly from the chart
- DMA: the UK’s first browser-based direct market access (DMA) service
- MTFs: we source multiple price feeds to ensure clients get the best prices
We also offer an execution-only share dealing service in the UK, Australia, Germany and the Netherlands, and have recently launched IG Smart Portfolios – expertly managed investment portfolios available for a fraction of the cost of traditional wealth managers.
Our commitment to outstanding trading and investment technology that is as reliable as it is powerful sets us apart from our competitors and ensures IG Group's status as a true market leader.
A global brand
In 2012 we brought together our IG Index and IG Markets brands and established a clear, single brand of ‘IG’ worldwide, with the exception of Nadex, our binaries exchange in the US. Online leadership is increasingly important in our industry, and as part of the rebranding process we acquired the IG.com domain name and consolidated our global web traffic through this route.
Our unified international brand gives us several competitive advantages. It reinforces our status as a global leader and enables us to provide consistently excellent service to clients around the world, as well as giving us the capacity to roll out global advertising campaigns in an efficient, effective way.
IG Group today
IG Group currently has over 185,000 clients worldwide, making millions of transactions per month. We now generate almost half of our revenue from outside the UK.
In the year to May 2017, the Group achieved underlying revenue of £491.1 million and profit before tax (PBT) of £213.7 million. You can find full details of our current performance on our financial results page.
In 2014 we celebrated our 40th anniversary. Through the past 40 years our operating model and risk management strategy have been thoroughly tested and have proved highly resilient. A long history of profitability has produced the financial strength which is visible today and provides the capital and liquidity we need in our regulated environment, as well as supporting our future growth.
Our business has continually adapted to a changing technological and economic backdrop, and we will continue to innovate as we look to the next phase of our development. You can learn more about our plans and strategy for the future by reading about our vision.