Pre-close Trading Update
In contrast to the subdued first quarter of this year, client activity levels increased significantly in the second quarter, particularly in October.
RNS Number: 8729X
IG Group Holdings plc
25 November 2014
Pre-close Trading Update
IG Group, a global leader in online trading, today issues the following Trading Update for the second quarter of the financial year ending 31 May 2015, ahead of entering its close period on 1 December 2014.
In contrast to the subdued first quarter of this year, client activity levels increased significantly in the second quarter, particularly in October, as the financial markets presented considerably more trading opportunities. The company performed very well over this period and will achieve quarterly revenue ahead of its previous highest quarter at the end of the 2013 year. This will place IG in a robust position as it enters the second half of the financial year.
Today management will be available on a conference call for institutional investors and analysts at 8.30am (UK time). The call can be accessed by dialling +44 (0)20 3059 8125. A replay of the conference call will be available for a period of seven days after the event by dialling +44 (0)121 260 4861 and using the confirmation code 5781076#.
The financial results for the six months ending 30 November 2014 will be announced on Tuesday 20 January 2015. There will be a presentation for institutional investors and analysts at 9.30am (UK time) at the Group's offices at Cannon Bridge House, Dowgate Hill, London EC4R 2YA; those wishing to attend the presentation should contact Laura Ewart by email or on 020 7269 7243.
For further information please contact:
Kieran McKinney Head of Investor Relations 020 7573 0026
Neil Doyle / Ed Berry
020 3727 1141 / 1046
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 already an award-winning multi-platform trading company, the world’s No.1 provider of CFDs* and a global leader in forex, and will be launching its new execution-only stockbroking service in late 2014.
It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific and the US, where it offers limited risk derivatives contracts via the Nadex brand.
*Based on revenue excluding FX, published financial statements, July 2014.