UK’s IG Group sees annual revenue, profit in line with market view

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Reuters UK

(Reuters) – British online trading platform IG Group on Wednesday forecast its annual revenue and profit in line with market expectations, as the Ukraine crisis and the Silicon Valley Bank meltdown fuelled market volatility and boosted trading volumes. Trading platforms, which saw a revival in volumes and client activity levels last year with the Ukraine war and increasing risks of a global recession, are also set to benefit in the wake of the Silicon Valley Bank collapse. IG, created by spread-betting pioneer Stuart Wheeler in 1974 to allow people to bet on the price of gold, said active clie…

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