The figures have been buoyant across all regions with the 'rest of the world' segment growing the fastest while Europe was lagging
IG Group (LON:IGG) posted a trading update on its performance for the first quarter of its financial 2015, which ended on the 31st of August. Revenues throughout the period totaled £106.0 million, which is higher by 24 per cent when compared to last year and by about 5.5 per cent when compared to the average quarterly revenue for fiscal 2015 which ended on the 31st of May 2015.
The company highlighted in its announcement that it did rather well during what is a traditionally weaker period for financial markets activity, primarily due to elevated Volatility. The Greek Euro Zone membership turmoil and the Chinese financial markets turmoil have been cited as the main reasons for this. The second half of August was the most active for the company’s clients.
Looking at the key metrics for the performance of the company, revenues per client increased by 3.6 per cent, while active client growth numbers were more than impressive at 19 per cent when compared to last year. Looking at a quarter-on-quarter comparison the number of active traders increased by almost 5 per cent.
Looking at new client numbers, the company has not provided full figures, however it stated that “client first trades in the quarter were ahead of the same period in the prior year by over 50%”. The increases has been attributed to higher market volatility and increased effectiveness of the Marketing efforts of IG Group (LON:IGG).
Details about revenue distribution across different geographical regions has shown more detailed revenue streams for IG Group (LON:IGG). The broker continues its strong performance on home turf, in Ireland and in the UK, where client numbers increased year-on-year by 16 per cent, while average revenue per user has grown by 5.8 per cent.
The only region which underperformed somewhat was Europe, where economic stagnation is taking its toll on client activity. While client numbers have continued rising, posting a more than impressive 18 per cent growth, the average revenue per customer has dropped 4.4 per cent when compared to the first quarter of fiscal 2015.
The Australian business of the firm has continued on a solid growth trajectory with active clients increasing 20 per cent year-on-year, while the average revenue per client has remained more or less flat, growing less than a percentage point.
The most vibrant business unit of IG Group was its 'rest of the world' geography, where revenues per client increased by 20 per cent while client numbers have risen 28 per cent for the past year. These figures bring a combined increase in the company’s revenues from its operations in this segment to a growth of 54 per cent or £13.9 million.
IG Group (LON:IGG) posted a trading update on its performance for the first quarter of its financial 2015, which ended on the 31st of August. Revenues throughout the period totaled £106.0 million, which is higher by 24 per cent when compared to last year and by about 5.5 per cent when compared to the average quarterly revenue for fiscal 2015 which ended on the 31st of May 2015.
The company highlighted in its announcement that it did rather well during what is a traditionally weaker period for financial markets activity, primarily due to elevated Volatility. The Greek Euro Zone membership turmoil and the Chinese financial markets turmoil have been cited as the main reasons for this. The second half of August was the most active for the company’s clients.
Looking at the key metrics for the performance of the company, revenues per client increased by 3.6 per cent, while active client growth numbers were more than impressive at 19 per cent when compared to last year. Looking at a quarter-on-quarter comparison the number of active traders increased by almost 5 per cent.
Looking at new client numbers, the company has not provided full figures, however it stated that “client first trades in the quarter were ahead of the same period in the prior year by over 50%”. The increases has been attributed to higher market volatility and increased effectiveness of the Marketing efforts of IG Group (LON:IGG).
Details about revenue distribution across different geographical regions has shown more detailed revenue streams for IG Group (LON:IGG). The broker continues its strong performance on home turf, in Ireland and in the UK, where client numbers increased year-on-year by 16 per cent, while average revenue per user has grown by 5.8 per cent.
The only region which underperformed somewhat was Europe, where economic stagnation is taking its toll on client activity. While client numbers have continued rising, posting a more than impressive 18 per cent growth, the average revenue per customer has dropped 4.4 per cent when compared to the first quarter of fiscal 2015.
The Australian business of the firm has continued on a solid growth trajectory with active clients increasing 20 per cent year-on-year, while the average revenue per client has remained more or less flat, growing less than a percentage point.
The most vibrant business unit of IG Group was its 'rest of the world' geography, where revenues per client increased by 20 per cent while client numbers have risen 28 per cent for the past year. These figures bring a combined increase in the company’s revenues from its operations in this segment to a growth of 54 per cent or £13.9 million.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
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
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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
📣 Stay updated with the latest in finance and trading!
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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.
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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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