IG Group Completes the Acquisition of Tastytrade after Regulatory Approval
- The deal comprises $300 million in cash and the issuance of 61 million new ordinary shares.

According to the announcement, the total consideration comprises a total of $300 million in cash and the issuance of 61 million new ordinary shares in IG Group to Tastytrade shareholders. “This transaction marks another important milestone in the delivery of IG’s growth strategy, diversifying our product offering and significantly strengthening our global franchise. I am thrilled to welcome Tastytrade to the IG family. Tastytrade is an innovative, high-growth, high-margin business giving us immediate scale in the largest retail options and futures market in the world. Tastytrade will significantly enhance our client proposition, broadening choice and opportunity while providing products, tools and educational resources to empower financial decision making,” June Felix, Chief Executive Officer at IG Group, commented.
Additionally, the financial broker stated that the application had been made for the admission of the consideration shares, which is expected to become effective at 8 AM (local time) on June 29, 2021. Per the acquisition’s announcement, the total number of ordinary shares worth 0.005p each with voting rights will be 431,299,455.
Intentions to Buy Tastytrade Early This Year
Finance Magnates reported IG Group’s intention to acquire the US-based online broker and a trading education platform. At that time, it was announced that the management team of Tastytrade would remain the same. Tastytrade has over 105,000 active trading accounts with headquarters in Chicago. Additionally, the company has nearly 900,000 unique registrations. IG Group aims to take advantage of the growing Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail traders in every market ranging from commodities to stocks. The forex market is by far the largest and has the most retail traders. Retail foreign exchange trading is a small segment of the broader foreign exchange market where individuals speculate on the exchange rate between different currencies. In 2020 it is estimated that the forex market will exceed 7 billion dollars in daily activity. Retail Trading Sector Continues to GrowThe retail sector has developed with the advent of dedicated electronic trading platforms and the internet, which have allowed individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market or $385 million in daily trading turnover. Individual retail traders can access the same trades as central banks and online financial institutions. The retail forex trading industry is growing every day with the advent of trading platforms and their ease of accessibility on the internet.Retail traders rely on brokerage services who provide access to markets in the form of comprehensive trading platforms. The most common of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer trading to forex, stocks, contracts-for-difference (CFDs), and other assets. In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail traders in every market ranging from commodities to stocks. The forex market is by far the largest and has the most retail traders. Retail foreign exchange trading is a small segment of the broader foreign exchange market where individuals speculate on the exchange rate between different currencies. In 2020 it is estimated that the forex market will exceed 7 billion dollars in daily activity. Retail Trading Sector Continues to GrowThe retail sector has developed with the advent of dedicated electronic trading platforms and the internet, which have allowed individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market or $385 million in daily trading turnover. Individual retail traders can access the same trades as central banks and online financial institutions. The retail forex trading industry is growing every day with the advent of trading platforms and their ease of accessibility on the internet.Retail traders rely on brokerage services who provide access to markets in the form of comprehensive trading platforms. The most common of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer trading to forex, stocks, contracts-for-difference (CFDs), and other assets. Read this Term market in the US with the acquisition.
Recently, the London-listed financial broker partnered with Teach for Australia (TFA), the Australia-based not-for-profit organization focusing on addressing education inequality in the country.
According to the announcement, the total consideration comprises a total of $300 million in cash and the issuance of 61 million new ordinary shares in IG Group to Tastytrade shareholders. “This transaction marks another important milestone in the delivery of IG’s growth strategy, diversifying our product offering and significantly strengthening our global franchise. I am thrilled to welcome Tastytrade to the IG family. Tastytrade is an innovative, high-growth, high-margin business giving us immediate scale in the largest retail options and futures market in the world. Tastytrade will significantly enhance our client proposition, broadening choice and opportunity while providing products, tools and educational resources to empower financial decision making,” June Felix, Chief Executive Officer at IG Group, commented.
Additionally, the financial broker stated that the application had been made for the admission of the consideration shares, which is expected to become effective at 8 AM (local time) on June 29, 2021. Per the acquisition’s announcement, the total number of ordinary shares worth 0.005p each with voting rights will be 431,299,455.
Intentions to Buy Tastytrade Early This Year
Finance Magnates reported IG Group’s intention to acquire the US-based online broker and a trading education platform. At that time, it was announced that the management team of Tastytrade would remain the same. Tastytrade has over 105,000 active trading accounts with headquarters in Chicago. Additionally, the company has nearly 900,000 unique registrations. IG Group aims to take advantage of the growing Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail traders in every market ranging from commodities to stocks. The forex market is by far the largest and has the most retail traders. Retail foreign exchange trading is a small segment of the broader foreign exchange market where individuals speculate on the exchange rate between different currencies. In 2020 it is estimated that the forex market will exceed 7 billion dollars in daily activity. Retail Trading Sector Continues to GrowThe retail sector has developed with the advent of dedicated electronic trading platforms and the internet, which have allowed individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market or $385 million in daily trading turnover. Individual retail traders can access the same trades as central banks and online financial institutions. The retail forex trading industry is growing every day with the advent of trading platforms and their ease of accessibility on the internet.Retail traders rely on brokerage services who provide access to markets in the form of comprehensive trading platforms. The most common of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer trading to forex, stocks, contracts-for-difference (CFDs), and other assets. In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail traders in every market ranging from commodities to stocks. The forex market is by far the largest and has the most retail traders. Retail foreign exchange trading is a small segment of the broader foreign exchange market where individuals speculate on the exchange rate between different currencies. In 2020 it is estimated that the forex market will exceed 7 billion dollars in daily activity. Retail Trading Sector Continues to GrowThe retail sector has developed with the advent of dedicated electronic trading platforms and the internet, which have allowed individuals to access the global currency markets. In 2016, it was reported that volume from retail foreign exchange trading represents 5.5% of the whole foreign exchange market or $385 million in daily trading turnover. Individual retail traders can access the same trades as central banks and online financial institutions. The retail forex trading industry is growing every day with the advent of trading platforms and their ease of accessibility on the internet.Retail traders rely on brokerage services who provide access to markets in the form of comprehensive trading platforms. The most common of these are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which offer trading to forex, stocks, contracts-for-difference (CFDs), and other assets. Read this Term market in the US with the acquisition.
Recently, the London-listed financial broker partnered with Teach for Australia (TFA), the Australia-based not-for-profit organization focusing on addressing education inequality in the country.