22nd Mar 2016 08:04
LONDON (Alliance News) - Online financial trading firm IG Group Holdings PLC on Tuesday said revenue grew in the third quarter as it benefited from volatile markets.
IG said revenue for the three months to the end of February hit GBP122.0 million, 18% higher year-on-year and a 9.0% increase on the second quarter.
IG said the constant flow of macroeconomic news through the quarter created "reasonable" volatility levels in financial markets, creating a range of trading opportunities for IG clients.
Active client numbers increased 11% year-on-year in the quarter, while revenue grew across its regional operations. Average revenue per client was broadly flat, though rose 6.0% in its Rest of the World segment.
IG shares opened up 3.2% on Tuesday at 779.50 pence, the best performer in the FTSE 250.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
IG