IG Group Launches Stockbroking Platform in the Netherlands
- The British spread betting giant keeps trying to diversify its business away from forex and CFDs trading.
IG Group Holdings plc (LON: IGG), has launched its execution-only stockbroking offering in the Netherlands. This moves enables its Dutch retail clients to manage an increasing proportion of their investments on a single platform.
IG Group first launched its stockbroking offering in the UK and Ireland six months ago and says it has been well-received by new and existing clients.
From a business strategy point of view, the initiative seems focused on diversifying IG’s revenue stream from being primarily focused on active daily traders to more passive stock investors while also extending its existing product line in a natural way.
When presenting its stockbroking initiative to shareholders last July, IG Group exhibited data showing that 59% of spreadbetting and CFD traders in the UK also trade shares online. By cross- selling to this segment of clients it already has a relationship with the group and can lower its dependence on spreading Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs.
The group says it is committed to rolling out the product across many of its global locations in the coming years. The launch in its Dutch office is the first of three planned country launches in the next 12 months.
The new IG stockbroking platform provides retail investors with real-time transparent pricing, sourced from multiple pricing venues, and access to a number of international stock markets.
The platform offers live pricing on over 4,500 shares and is supported by analytical tools, charting, market news and videos. It is also available via a diverse suite of phone and tablet apps. As a launch promotion, IG’s clients will also be able to trade commission-free during their first month of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term before July 1, 2015.
Claudio Serra, Director of IG Netherlands, explained: ‘In today’s fast moving financial markets, every second counts.With IG’s stockbroking platform, investors are able find relevant information, including real-time tradable prices, and place orders in just a few clicks from their desktops or their mobile and tablet devices. The addition of stockbroking to our platform, alongside our CFD offering, gives investors the chance to trade multiple financial products in one place on the same platform.'
IG Group Holdings plc (LON: IGG), has launched its execution-only stockbroking offering in the Netherlands. This moves enables its Dutch retail clients to manage an increasing proportion of their investments on a single platform.
IG Group first launched its stockbroking offering in the UK and Ireland six months ago and says it has been well-received by new and existing clients.
From a business strategy point of view, the initiative seems focused on diversifying IG’s revenue stream from being primarily focused on active daily traders to more passive stock investors while also extending its existing product line in a natural way.
When presenting its stockbroking initiative to shareholders last July, IG Group exhibited data showing that 59% of spreadbetting and CFD traders in the UK also trade shares online. By cross- selling to this segment of clients it already has a relationship with the group and can lower its dependence on spreading Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs.
The group says it is committed to rolling out the product across many of its global locations in the coming years. The launch in its Dutch office is the first of three planned country launches in the next 12 months.
The new IG stockbroking platform provides retail investors with real-time transparent pricing, sourced from multiple pricing venues, and access to a number of international stock markets.
The platform offers live pricing on over 4,500 shares and is supported by analytical tools, charting, market news and videos. It is also available via a diverse suite of phone and tablet apps. As a launch promotion, IG’s clients will also be able to trade commission-free during their first month of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term before July 1, 2015.
Claudio Serra, Director of IG Netherlands, explained: ‘In today’s fast moving financial markets, every second counts.With IG’s stockbroking platform, investors are able find relevant information, including real-time tradable prices, and place orders in just a few clicks from their desktops or their mobile and tablet devices. The addition of stockbroking to our platform, alongside our CFD offering, gives investors the chance to trade multiple financial products in one place on the same platform.'