So far today, IG Group Holdings plc shares have fallen by as much as 4.5 percent.
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IG Group has published its preliminary financial results for its fiscal 2019 year, ended on May 31st, 2019, this Tuesday. Despite a reduction across the majority of the firm’s key metrics, the Group remains positive that it will return to growth in its 2020 fiscal year.
The product intervention measures implemented by the European Securities and Markets Authority (ESMA) hurt a lot of brokers operating in the United Kingdom and Europe, and IG was no exception. In fact, the online trading provider attributes almost all of its declining figures to ESMA.
For the 12 months ended on the 31st of May 2019, IG Group achieved a net trading revenue of £476.9 million. When measured against the 2018 fiscal year, which had a net trading revenue of £569.0 million, 2019’s figure has fallen by 16 percent.
ESMA’s measures, coupled with lower levels of market volatility and financial market activity throughout the majority of fiscal 2019 dragged down the firm’s net revenues across all geographic segments.
Operating profit also plunged during the 2019 fiscal year, falling by 31 percent from the £281.1 million reported in fiscal 2018 down to an operating profit of £192.9 million in fiscal 2019.
During the year, IG did manage to reduce its total operating costs by 2 percent year-on-year, coming in at £284.3 million in 2019.
OTC revenue falls in fiscal 2019
Over-the-counter (OTC) leveraged derivatives contributed to 95 percent of IG Group’s revenues during the year. This segment noted revenue of £454.2 million, 17 percent lower than in the prior year. The number of active OTC leveraged clients fell by 10 percent, and the average revenue per client was down by 8 percent.
According to the report, from the OTC leverage revenue, 55 percent of it was generated from clients who have been trading with the UK-based firm for more than three years.
Equity indices and single name equities generated the largest revenue from client trading, accounting for 66 percent of the Group's OTC leveraged revenue in 2019, as compared with 58 percent in 2018.
For foreign exchange (forex), the revenue from clients trading was 13% lower than in the prior year, coming in at £82.4 million. FX revenues represent 18 percent of the Group's OTC leveraged revenue in the year.
Breaking OTC revenues into geographies, the ESMA-affected region (Europe and UK) reported total revenue of £263.4 million in fiscal 2019, which is lower by 3o percent year-over-year.
In its emerging markets, the UK-based broker saw a yearly uptick of 36 percent in OTC revenues, coming in at £17.6 million for the year. In Japan, the firm also saw a 29 percent growth in OTC revenues.
So far today, IG Group Holdings plc shares have fallen by as much as 4.5 percent, reaching a low of 558.80 pence per share, having started the session at 584.00 pence per share. As of the time of publishing, however, IG's share price has managed to make a slight recovery.
Breakdown of IG clients
In the European Union, the number of active Retail clients in the second quarter of 2019 reduced by 10 percent when compared with Q1. However, it has remained stable in the subsequent quarters.
In Q2 of fiscal 2019, the average revenue per Retail client (RPC) fell by more than 40 percent quarter-on-quarter. Following the second quarter, the average retail RPC remained fairly stable. However, the RPC for professional clients was more sensitive to market volatility.
IG Group’s plan to return to revenue growth
Despite the sluggish 2019 fiscal results, IG Group remains confident that it can return to revenue growth in fiscal 2020. The London-headquartered firm plans to do this by capitalizing on the “substantial” opportunities still available to it in the geographies it operates in.
In the European Union (EU), IG sees there is a large opportunity to launch new leverage products. Through its multilateral trading facility (MTF), Spectrum, the company plans to take a meaningful share of the on-venue turbo market, by launching turbos on equity indices, currencies, and commodities.
In the United States, the broker believes that due to the fact that it is one of only a few players in the market, it will be able to capture a significant share in the OTC FX market through competitive pricing and its client service offering.
IG Group has published its preliminary financial results for its fiscal 2019 year, ended on May 31st, 2019, this Tuesday. Despite a reduction across the majority of the firm’s key metrics, the Group remains positive that it will return to growth in its 2020 fiscal year.
The product intervention measures implemented by the European Securities and Markets Authority (ESMA) hurt a lot of brokers operating in the United Kingdom and Europe, and IG was no exception. In fact, the online trading provider attributes almost all of its declining figures to ESMA.
For the 12 months ended on the 31st of May 2019, IG Group achieved a net trading revenue of £476.9 million. When measured against the 2018 fiscal year, which had a net trading revenue of £569.0 million, 2019’s figure has fallen by 16 percent.
ESMA’s measures, coupled with lower levels of market volatility and financial market activity throughout the majority of fiscal 2019 dragged down the firm’s net revenues across all geographic segments.
Operating profit also plunged during the 2019 fiscal year, falling by 31 percent from the £281.1 million reported in fiscal 2018 down to an operating profit of £192.9 million in fiscal 2019.
During the year, IG did manage to reduce its total operating costs by 2 percent year-on-year, coming in at £284.3 million in 2019.
OTC revenue falls in fiscal 2019
Over-the-counter (OTC) leveraged derivatives contributed to 95 percent of IG Group’s revenues during the year. This segment noted revenue of £454.2 million, 17 percent lower than in the prior year. The number of active OTC leveraged clients fell by 10 percent, and the average revenue per client was down by 8 percent.
According to the report, from the OTC leverage revenue, 55 percent of it was generated from clients who have been trading with the UK-based firm for more than three years.
Equity indices and single name equities generated the largest revenue from client trading, accounting for 66 percent of the Group's OTC leveraged revenue in 2019, as compared with 58 percent in 2018.
For foreign exchange (forex), the revenue from clients trading was 13% lower than in the prior year, coming in at £82.4 million. FX revenues represent 18 percent of the Group's OTC leveraged revenue in the year.
Breaking OTC revenues into geographies, the ESMA-affected region (Europe and UK) reported total revenue of £263.4 million in fiscal 2019, which is lower by 3o percent year-over-year.
In its emerging markets, the UK-based broker saw a yearly uptick of 36 percent in OTC revenues, coming in at £17.6 million for the year. In Japan, the firm also saw a 29 percent growth in OTC revenues.
So far today, IG Group Holdings plc shares have fallen by as much as 4.5 percent, reaching a low of 558.80 pence per share, having started the session at 584.00 pence per share. As of the time of publishing, however, IG's share price has managed to make a slight recovery.
Breakdown of IG clients
In the European Union, the number of active Retail clients in the second quarter of 2019 reduced by 10 percent when compared with Q1. However, it has remained stable in the subsequent quarters.
In Q2 of fiscal 2019, the average revenue per Retail client (RPC) fell by more than 40 percent quarter-on-quarter. Following the second quarter, the average retail RPC remained fairly stable. However, the RPC for professional clients was more sensitive to market volatility.
IG Group’s plan to return to revenue growth
Despite the sluggish 2019 fiscal results, IG Group remains confident that it can return to revenue growth in fiscal 2020. The London-headquartered firm plans to do this by capitalizing on the “substantial” opportunities still available to it in the geographies it operates in.
In the European Union (EU), IG sees there is a large opportunity to launch new leverage products. Through its multilateral trading facility (MTF), Spectrum, the company plans to take a meaningful share of the on-venue turbo market, by launching turbos on equity indices, currencies, and commodities.
In the United States, the broker believes that due to the fact that it is one of only a few players in the market, it will be able to capture a significant share in the OTC FX market through competitive pricing and its client service offering.
In this video, we review @AxiOfficialChannel , a multi-asset broker offering access to forex and CFD markets through MetaTrader 4, MetaTrader 5, the Axi Trading App, and copy trading solutions.
We examine the broker’s regulatory framework, platform offering, market coverage, and customer support structure. We also explore key features such as available trading instruments, swap-free account options, funding considerations, and multilingual support.
Watch the full video for a clear, fact-based overview of Axi’s products, trading tools, and overall broker offering.
#Axi #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
In this video, we review @AxiOfficialChannel , a multi-asset broker offering access to forex and CFD markets through MetaTrader 4, MetaTrader 5, the Axi Trading App, and copy trading solutions.
We examine the broker’s regulatory framework, platform offering, market coverage, and customer support structure. We also explore key features such as available trading instruments, swap-free account options, funding considerations, and multilingual support.
Watch the full video for a clear, fact-based overview of Axi’s products, trading tools, and overall broker offering.
#Axi #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
In this video, we review @AxiOfficialChannel , a multi-asset broker offering access to forex and CFD markets through MetaTrader 4, MetaTrader 5, the Axi Trading App, and copy trading solutions.
We examine the broker’s regulatory framework, platform offering, market coverage, and customer support structure. We also explore key features such as available trading instruments, swap-free account options, funding considerations, and multilingual support.
Watch the full video for a clear, fact-based overview of Axi’s products, trading tools, and overall broker offering.
#Axi #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
In this video, we review @AxiOfficialChannel , a multi-asset broker offering access to forex and CFD markets through MetaTrader 4, MetaTrader 5, the Axi Trading App, and copy trading solutions.
We examine the broker’s regulatory framework, platform offering, market coverage, and customer support structure. We also explore key features such as available trading instruments, swap-free account options, funding considerations, and multilingual support.
Watch the full video for a clear, fact-based overview of Axi’s products, trading tools, and overall broker offering.
#Axi #ForexBroker #CFDTrading #FinanceMagnates #Trading #BrokerReview #OnlineTrading
This panel will explore how firms are moving beyond CFDs into crypto, perpetuals, equities, and multi‑asset offerings, and the challenges they face across regulation, technology, liquidity, and risk management. It examines what is driving the shift, what it takes to execute it successfully, and how brokers can position themselves for the next phase of growth.
This panel will explore how firms are moving beyond CFDs into crypto, perpetuals, equities, and multi‑asset offerings, and the challenges they face across regulation, technology, liquidity, and risk management. It examines what is driving the shift, what it takes to execute it successfully, and how brokers can position themselves for the next phase of growth.
This panel will explore how firms are moving beyond CFDs into crypto, perpetuals, equities, and multi‑asset offerings, and the challenges they face across regulation, technology, liquidity, and risk management. It examines what is driving the shift, what it takes to execute it successfully, and how brokers can position themselves for the next phase of growth.
This panel will explore how firms are moving beyond CFDs into crypto, perpetuals, equities, and multi‑asset offerings, and the challenges they face across regulation, technology, liquidity, and risk management. It examines what is driving the shift, what it takes to execute it successfully, and how brokers can position themselves for the next phase of growth.
This panel will explore how firms are moving beyond CFDs into crypto, perpetuals, equities, and multi‑asset offerings, and the challenges they face across regulation, technology, liquidity, and risk management. It examines what is driving the shift, what it takes to execute it successfully, and how brokers can position themselves for the next phase of growth.
This panel will explore how firms are moving beyond CFDs into crypto, perpetuals, equities, and multi‑asset offerings, and the challenges they face across regulation, technology, liquidity, and risk management. It examines what is driving the shift, what it takes to execute it successfully, and how brokers can position themselves for the next phase of growth.
Beyond Reach? Retail Investor Acquisition Across APAC
Beyond Reach? Retail Investor Acquisition Across APAC
Beyond Reach? Retail Investor Acquisition Across APAC
Beyond Reach? Retail Investor Acquisition Across APAC
Beyond Reach? Retail Investor Acquisition Across APAC
Beyond Reach? Retail Investor Acquisition Across APAC
APAC accounts for two-thirds of global retail trading traffic, but with differences of language, regulation, and trader profile, the region's growth is ag great as complexity.
This session gathers CMOs, heads of acquisition, and IB relationship managers to examine what actually works, channel by channel, market by market.
Attendees will walk away with:
A clear view of which channels deliver funded, retained traders across Singapore, Japan, and Southeast Asia
Understanding of how to structure IB partnerships for LTV, not first deposit
Insight into what localization actually costs beyond the translation budget
Perspective on how ad restrictions, crypto promotion limits, and bundling rules differ across APAC jurisdictions
A read on whether the super-app model changes acquisition economics for retail investing platforms
APAC accounts for two-thirds of global retail trading traffic, but with differences of language, regulation, and trader profile, the region's growth is ag great as complexity.
This session gathers CMOs, heads of acquisition, and IB relationship managers to examine what actually works, channel by channel, market by market.
Attendees will walk away with:
A clear view of which channels deliver funded, retained traders across Singapore, Japan, and Southeast Asia
Understanding of how to structure IB partnerships for LTV, not first deposit
Insight into what localization actually costs beyond the translation budget
Perspective on how ad restrictions, crypto promotion limits, and bundling rules differ across APAC jurisdictions
A read on whether the super-app model changes acquisition economics for retail investing platforms
APAC accounts for two-thirds of global retail trading traffic, but with differences of language, regulation, and trader profile, the region's growth is ag great as complexity.
This session gathers CMOs, heads of acquisition, and IB relationship managers to examine what actually works, channel by channel, market by market.
Attendees will walk away with:
A clear view of which channels deliver funded, retained traders across Singapore, Japan, and Southeast Asia
Understanding of how to structure IB partnerships for LTV, not first deposit
Insight into what localization actually costs beyond the translation budget
Perspective on how ad restrictions, crypto promotion limits, and bundling rules differ across APAC jurisdictions
A read on whether the super-app model changes acquisition economics for retail investing platforms
APAC accounts for two-thirds of global retail trading traffic, but with differences of language, regulation, and trader profile, the region's growth is ag great as complexity.
This session gathers CMOs, heads of acquisition, and IB relationship managers to examine what actually works, channel by channel, market by market.
Attendees will walk away with:
A clear view of which channels deliver funded, retained traders across Singapore, Japan, and Southeast Asia
Understanding of how to structure IB partnerships for LTV, not first deposit
Insight into what localization actually costs beyond the translation budget
Perspective on how ad restrictions, crypto promotion limits, and bundling rules differ across APAC jurisdictions
A read on whether the super-app model changes acquisition economics for retail investing platforms
APAC accounts for two-thirds of global retail trading traffic, but with differences of language, regulation, and trader profile, the region's growth is ag great as complexity.
This session gathers CMOs, heads of acquisition, and IB relationship managers to examine what actually works, channel by channel, market by market.
Attendees will walk away with:
A clear view of which channels deliver funded, retained traders across Singapore, Japan, and Southeast Asia
Understanding of how to structure IB partnerships for LTV, not first deposit
Insight into what localization actually costs beyond the translation budget
Perspective on how ad restrictions, crypto promotion limits, and bundling rules differ across APAC jurisdictions
A read on whether the super-app model changes acquisition economics for retail investing platforms
APAC accounts for two-thirds of global retail trading traffic, but with differences of language, regulation, and trader profile, the region's growth is ag great as complexity.
This session gathers CMOs, heads of acquisition, and IB relationship managers to examine what actually works, channel by channel, market by market.
Attendees will walk away with:
A clear view of which channels deliver funded, retained traders across Singapore, Japan, and Southeast Asia
Understanding of how to structure IB partnerships for LTV, not first deposit
Insight into what localization actually costs beyond the translation budget
Perspective on how ad restrictions, crypto promotion limits, and bundling rules differ across APAC jurisdictions
A read on whether the super-app model changes acquisition economics for retail investing platforms
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
