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IG Group sees 16% increase in revenue in FY22

June Felix, Chief Executive Officer, commented:

June Felix

This year’s record results show how we have achieved consistent, strong financial performance while we continue our journey to become a more diversified, innovative, global fintech. Our forward-looking strategy has positioned us well to capitalise on a significantly larger total addressable market and to take advantage of the ongoing shifts towards self-directed investing. We are now operating on an entirely new scale.

According to IG Group’s published numbers, the Number of total active clients grew 31% to 381,500. In 2021, this number was 291,200. The number of active clients fell 2% on a pro forma basis, but remained above pre-pandemic levels.

Of the total revenue, OTC leveraged derivatives accounted for £811.5 million in FY22, increasing 2% compared to the previous year. However, stock trading and investments dropped 13% to £33.8 million.

The post IG Group sees 16% increase in revenue in FY22 appeared first on LeapRate.



This post first appeared on Ironfx Review: An Overview, please read the originial post: here

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IG Group sees 16% increase in revenue in FY22

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