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IG Group reports high trading volumes amid market volatility
UK online brokerage, IG Group Holdings issued an update on the final quarter of its financial year ending 31 May 2020 (Q4 FY20). The company has observed exceptionally high volatility since the last week of February, creating market opportunities which its clients have responded to. Client trading volumes have risen exceptionally high and as a result the company’s revenue, driven by client transaction fees, has also been high. The fluctuation in the market has persisted through March and April and the firm has seen continual high levels of trading activity and growth in the active clients’ numbers. The first 36 ... (full story)