IG Group Holdings Plc on Track for Record Quarter, Shares Hit Record Highs

The company issued a trading update outlining that it is on track for record quarterly growth exceeding IG’s own forecasts

Ig group logoIG Group Holdings plc (LON:IGG) issued a trading update outlining that throughout the second quarter of its financial year ending on May 31st, 2015, it expects a stark contrast in trading results when compared to the first quarter of the year. According to a regulatory announcement, the firm observed a substantial rise in client activity levels as volatility throughout financial markets rose.

The firm expects to report a record-breaking quarter after increasing trading opportunites throughout the past couple of months have driven trading activity to new highs at IG Group Holdings plc (IGG:LON). Clients were presented with considerably more trading opportunities than during the previous quarter and the firm will beat its previous highest quarter at the end of 2014.

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Increasing volatility on the financial markets is the highlight of the final quarter of 2014, as diverging monetary policy paths have caused substantial fluctuations in exchange rates, while global stock markets enjoyed a healthy correction before stabilizing.

They also announced that its financial results for the six months ending on November 30th will be announced on Tuesday, the 20th of January.

Shares of the company have marked a new all-time record high at 674 pence after the announcement. The previous record high was marked earlier this year in February when the company’s shares hit 656 pence.

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