IG Group reports 17% increase in trading revenue in 2011-2012
The Group expects to report trading revenue of £366.8m excluding the discontinued Sport business (2011: £312.7m), representing growth of 17% over the comparative period.
The UK had a strong quarter with revenue growth of 13%, primarily driven by growth in revenue per client which was the highest of any quarter during the year, resulting in revenue per client growth of 10% for the full year.
Very muted consumer sentiment in the final quarter in Australia led to reduced client activity and a fall of 1% in both revenue per client and active client numbers.
The Group's European businesses continued to deliver strong growth in active client numbers which, as expected, was slightly offset by the progressive fall in revenue per client as these businesses become more established and the impact of high value early adopters is diluted. The growth was primarily driven by Spain, Italy and France.
The continued positive performance from Rest of World was driven by strong growth in both Singapore and South Africa. Growth in Singapore was driven primarily by increased revenue per client while growth in South Africa was driven by higher active client numbers.
The Group continues to see progress from Nadex, which saw a steady increase in clients through the quarter, albeit this remains immaterial to the Group as a whole.
The Group's Japanese business continues to make progress with sequential improvement in revenue per client in each of the last three quarters. Active client numbers have stabilised in the last two quarters, but are lower than those achieved prior to the introduction of final Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders restrictions in August 2011.
The Group expects to report trading revenue of £366.8m excluding the discontinued Sport business (2011: £312.7m), representing growth of 17% over the comparative period.
The UK had a strong quarter with revenue growth of 13%, primarily driven by growth in revenue per client which was the highest of any quarter during the year, resulting in revenue per client growth of 10% for the full year.
Very muted consumer sentiment in the final quarter in Australia led to reduced client activity and a fall of 1% in both revenue per client and active client numbers.
The Group's European businesses continued to deliver strong growth in active client numbers which, as expected, was slightly offset by the progressive fall in revenue per client as these businesses become more established and the impact of high value early adopters is diluted. The growth was primarily driven by Spain, Italy and France.
The continued positive performance from Rest of World was driven by strong growth in both Singapore and South Africa. Growth in Singapore was driven primarily by increased revenue per client while growth in South Africa was driven by higher active client numbers.
The Group continues to see progress from Nadex, which saw a steady increase in clients through the quarter, albeit this remains immaterial to the Group as a whole.
The Group's Japanese business continues to make progress with sequential improvement in revenue per client in each of the last three quarters. Active client numbers have stabilised in the last two quarters, but are lower than those achieved prior to the introduction of final Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders restrictions in August 2011.