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Completion of purchase of DailyFX


RNS Number : 8044N
Released 07:00 31-Oct-2016
IG Group Holdings plc
31 October 2016

Completion of purchase of DailyFX

IG Group (“IG”), a global leader in online trading, today announces that, further to its announcement of 30 September 2016, it has now completed the purchase of DailyFX, a leading global news and research portal, and its associated assets, from FXCM Inc. for a total consideration of $40 million.

For further information, please contact:

IG Group

Kieran McKinney

Head of Investor Relations and Corporate Affairs              020 7573 0026

FTI Consulting

Neil Doyle / Ed Berry                                                                      020 3727 1141 / 1046

About IG

IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets – including shares, indices, forex, commodities and binaries.

Established in 1974 as the world’s first financial spread betting firm, IG’s aim is to become the default choice for active traders globally. It is an award-winning multi-platform trading company, the world’s No.1 provider of CFDs* and a global leader in forex, and it now offers an execution-only stockbroking service in the UK, Australia, Ireland, Germany, Austria and the Netherlands.

It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific, the Middle East and the US, where it offers limited risk derivatives contracts via the Nadex brand.

*Based on revenue excluding FX, from published financial statements, September 2015.

About DailyFX

DailyFX is one of the world’s leading education, research, analysis and news sources for the currency trading community, and serves as a premier portal to a vibrant online forum. The site delivers up-to-date analysis of the fundamental and technical influences driving the currency and commodity markets.  DailyFX analysts report every day on the latest changes in the currency market, offering in-depth coverage of price action, predictions of likely market moves, and exhaustive interpretations of economic and political developments, as well as reports on indices and investments.