LONDON: IG Group , the British online share trading company, has reported an 18% rise in third-quarter revenue as traders speculated more the recent stock market slump and recovery.
However, IG Group, the UK’s first financial spread betting company, also said discretionary remuneration and online marketing spend would hurt its fourth-quarter and full-year performance.
The company, which provides online stockbroking and trading services to retail investors, said revenue rose to £122m for the three months ended 29 February, from £103.6m a year earlier.
Global markets have shown increased volatility in recent months, driven by speculation on a slowdownin China and falling commodity prices.
IG Group, which was founded in 1974, said revenue in the UK and Ireland, its largest market, rose 13%to £62.7m, while Europe saw a rise of 24%.
The company, which has more than 136,000 clients worldwide, said active clients rose 11%, while revenue per client rose 5.7% in the quarter.
