IG Group Reports Strong Revenues for Q1 FY22
The adjusted net trading revenue reached £221.7 million in the recent quarter.
IG Group, a leading global financial services provider, released a revenue update today for the three months ended 31 August 2021 (Q1 FY22). The Group saw a decent jump in revenues during the latest quarter.
According to the official numbers, IGs adjusted net trading revenue touched £221.7 million in Q1 FY22, which is 6% higher compared to the same period in FY21. The total number of active clients in the latest quarter reached 287,200.
Excluding tastytrade, active clients spiked 12% in Q1 FY22 compared to Q1 FY21. IG Group saw consistent growth in the total number of active clients in the last 12 months.
Despite the overall jump in revenues, IG Groups Core Markets+ revenue declined by nearly 4% in the latest quarter. The number reached £192.1 million in Q1 FY22 compared to £199.9 million in Q1 FY21.
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