IG Group
| IG Group Holdings Plc. | |
|---|---|
| legal form | Public Limited Company |
| ISIN | GB00B06QFB75 |
| founding | 1974 |
| Seat | London |
| management | Peter Hetherington (CEO), Andy Green (Chairman) |
| Number of employees | over 1400 (as of 2016) |
| sales | € 456.3 million |
| Branch | Financial service providers |
| Website | www.iggroup.com , www.ig.com/de (German branch) |
| Status: 2016 | |
IG Group is a provider of Contracts for Differences (CFDs) and other financial derivative products. The London- based company is listed in the FTSE 250 index and, with a net trading volume of 456.3 million euros in the 2016 financial year, is the world's leading provider of contracts for difference. The company has seventeen locations worldwide and with more than 1,400 employees looks after more than 152,600 active customers such as private investors, brokers , fund managers and trading houses (as of 2016).
history
origin
IG Group was founded in 1974 in Great Britain established from the idea, on gold to speculate . At the time, the UK was banned from trading physical gold for speculative purposes. IG Index, the then name of the IG Group, made it possible for the first time to speculate on a gold index.
In 1982 the company expanded its offering and enabled so-called financial spread betting on the 30 largest British companies by market capitalization that are listed in the FT 30 index . Investors could bet on the occurrence or non-occurrence of a certain share price mark. In 1998 the company became the first competitor to introduce an online trading platform.
Stock exchange listing
The first listing on the London Stock Exchange (LSE) took place in 2000 . In November 2003, was part of a management buy-outs a delisting of shares . In May 2005, shares in IG Group Holdings Plc valued at £ 393 million were again placed on the London Stock Exchange. Since then, the company has been included in the FTSE 250 index for medium-sized companies. The company has been expanding worldwide since 2006 and is represented in all major European countries.
IG is currently the largest CFD provider by revenue (excluding FX, published annual report, October 2016).
Rebranding
All global IG companies (including IG Markets and IG Index) were merged on September 16, 2012 under the name "IG".
International line-up
IG has customers in over 140 countries with offices in London, Dublin, Stockholm, Düsseldorf, Luxembourg, Geneva, Chicago, Madrid, Paris, Milan, Johannesburg, Singapore, Dubai, Tokyo and Melbourne.
- IG Bank, Switzerland
In October 2014, IG opened a Swiss branch in Geneva under the name IG Bank SA. Due to the legal situation in Switzerland, the company needs a banking license issued by FINMA .
IG Bank SA operates under the leadership of CEO Fouad Bajjali with a team of 22 people.
IG's services in Switzerland for everything to do with contracts for difference (CFDs) in online trading range from local customer support in all national languages, daily online webinars and live seminars in various Swiss cities. In addition, IG is represented at major events and trade fairs in this country.
- Dubai
In July 2014, the head of the company informed about initial discussions with the local supervisory authority about the possibility of opening a branch in Dubai in 2015 in the international financial center. The opening ceremony took place in September 2015.
Activities in Germany
In Germany the IG Group is represented by IG Markets Ltd. , a wholly-owned subsidiary based in Düsseldorf . Here the company offers over 10,000 contracts for difference on markets such as stocks as well as commodities , currencies and indices . In addition, investors can trade Contracts for Difference on around 80 different exchange-traded funds (ETF) and exchange-traded commodities (ETC).
In the case of share contracts for difference, the share order can be forwarded to a leading exchange such as Xetra via Direct Market Access (DMA) . Since November 2009 there has been the option of forwarding stock contract for difference orders to the multilateral trading systems Chi-X and Turquoise . This means that investors always receive the spread of the stock exchanges and are not dependent on prices provided by a market maker .
IG is on the road several times a year with roadshows or live trading events in the larger cities of Germany and is also represented at investor fairs. Furthermore, qualified employees hold webinars on CFD trading several times a week. Customers are looked after and trained individually and can always stay up to date with the help of market analyzes and market updates.
Products and services in Germany
- Trading with leverage products
- CFD trading
- Currency trading (forex)
- Stock trading (2015)
- Options
In addition to the CFD-based vanilla options , IG also added the Digital 100s to its product range in 2003.
- Bitcoin
In April 2013, IG became the first online CFD & Forex broker to offer Bitcoin trading in the form of binary options. However, after just one month, this product was discontinued. Bitcoin trading at IG has been offered in the new format since November 2014 and enables speculation on Bitcoin volatility without having to physically own the crypto currency. There are also a number of Bitcoin Forex pairs to choose from.
- Stock trading
Already possible in the London branch since September 2014, classic share trading was also introduced in Germany in September 2015.
- Trade technology
In 1998, IG pioneered the introduction of an online trading platform. At that time only available for spread betting , in 2007 this was expanded to a web browser-based version called PureDeal. Two years later, the browser-based DMA function (Direct Market Access) was added. In 2010, IG launched its first iPhone app. Apps are now available for all common mobile phones and tablets. IG also works with third-party providers such as Metaquotes ( MetaTrader 4 ), IT Finance (ProRealTime), Autochartist and Trading Central .
Web links
Individual evidence
- ↑ https://www.wallstreet-online.de/aktien/ig-group-holdings-aktie/bilanz
- ↑ a b IG Group - Our Locations
- ^ IG Group - Corporate Profile
- ↑ a b c d Archived copy ( Memento of the original dated December 10, 2014 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ http://www.thefreelibrary.com/Punchestown+Festival+%3A+IG+Index+are+back+on+the+stock+market.-a0131996432
- ^ IG Group - Our History
- ↑ http://www.ig.com/de
- ↑ http://www.iggroup.com/press/latest-news/ig-group-dubai
- ↑ IG - Huge product range
- ↑ http://forexmagnates.com/bitcoin-back-ig-markets-ladder-sprint-binary-options-launched-yesterday/
- ↑ Archived copy ( Memento of the original dated December 16, 2014 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
