Shares of IG Group are being made available as an ADR on the OTC Markets Group platform. The listing adds liquidity to their ADR and awareness to their brand, which could be a precursor to more activity in the US.
OTC Markets Group, a US-based marketplace of 10,000 US and global securities, has announced that shares of IG Group are now available for trade on the platform. Offered as an American Depository Receipts (ADR) of the London Stock Exchange trade shares, each IG ADR represents one share of its UK counterpart.
Trading under the ticker symbol IGGHY, the ADRs have started their first day of trading on the OTC Markets platform with primary Liquidity in the stock from Cantor Fitzgerald and KCG. Aiming to offer open and transparent trading, OTC Markets publishes Level 2 data for all of its listed equities, including IG Group which is available here.
Earlier in the year, IG Group ADRs were made available for sale in the US OTC markets after the UK broker had appointed Citibank as its depository bank for creation of a Level 1 ADR. The listing on OTC Markets Group adds Level 2 market depth and trading to the ADR allowing shares to become more easily available to US traders. It also provides more options for local traders and investors to gain exposure to the online Forex and CFD broker sector along with shares of FXCM and GAIN Capital which trade in the US.
Having US exposure is nothing new for IG Group, as it operates the NADEX binary options exchange in the country. In addition, IG Group was licensed with US regulators to provide forex trading services in the US, but was left along with many other foreign brokers following the enactment of increased minimum capital requirements of $20 million in 2011. With their existing involvement in the US and current push to increase awareness of their shares in the country, IG could be positioning itself for larger plans, such as to tap the local capital markets or an equity-based acquisition with its new found liquidity in its stock.
In a shared public statement about the news, IG Christopher Hill, CFO of IG Group commented, "We are delighted to have IG Group shares trading on the OTCQX marketplace. This follows the launch of our Level 1 ADR earlier this year and demonstrates our commitment to offering U.S. investors the best possible access to IG Group stock."
R. Cromwell Coulson, president and CEO of OTC Markets Group, added, "We are pleased to welcome IG Group, a FTSE 250 company, to the OTCQX marketplace. By joining OTCQX, IG Group ensures U.S. investors will have transparent trading and convenient access to its news and disclosure allowing them to more easily analyze, value and trade its securities. We look forward to working with IG Group as the company continues to increase its profile in the U.S. market."
OTC Markets Group, a US-based marketplace of 10,000 US and global securities, has announced that shares of IG Group are now available for trade on the platform. Offered as an American Depository Receipts (ADR) of the London Stock Exchange trade shares, each IG ADR represents one share of its UK counterpart.
Trading under the ticker symbol IGGHY, the ADRs have started their first day of trading on the OTC Markets platform with primary Liquidity in the stock from Cantor Fitzgerald and KCG. Aiming to offer open and transparent trading, OTC Markets publishes Level 2 data for all of its listed equities, including IG Group which is available here.
Earlier in the year, IG Group ADRs were made available for sale in the US OTC markets after the UK broker had appointed Citibank as its depository bank for creation of a Level 1 ADR. The listing on OTC Markets Group adds Level 2 market depth and trading to the ADR allowing shares to become more easily available to US traders. It also provides more options for local traders and investors to gain exposure to the online Forex and CFD broker sector along with shares of FXCM and GAIN Capital which trade in the US.
Having US exposure is nothing new for IG Group, as it operates the NADEX binary options exchange in the country. In addition, IG Group was licensed with US regulators to provide forex trading services in the US, but was left along with many other foreign brokers following the enactment of increased minimum capital requirements of $20 million in 2011. With their existing involvement in the US and current push to increase awareness of their shares in the country, IG could be positioning itself for larger plans, such as to tap the local capital markets or an equity-based acquisition with its new found liquidity in its stock.
In a shared public statement about the news, IG Christopher Hill, CFO of IG Group commented, "We are delighted to have IG Group shares trading on the OTCQX marketplace. This follows the launch of our Level 1 ADR earlier this year and demonstrates our commitment to offering U.S. investors the best possible access to IG Group stock."
R. Cromwell Coulson, president and CEO of OTC Markets Group, added, "We are pleased to welcome IG Group, a FTSE 250 company, to the OTCQX marketplace. By joining OTCQX, IG Group ensures U.S. investors will have transparent trading and convenient access to its news and disclosure allowing them to more easily analyze, value and trade its securities. We look forward to working with IG Group as the company continues to increase its profile in the U.S. market."
Interactive Brokers Settles Nasdaq Charges, Agrees to $475,000 Fine
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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