FNG has learned that industry leading online broker IG Group has set up an offshore entity, in Bermuda. The new entity, aptly named IG International Limited, received a license from the Bermuda Monetary Authority (BMA) earlier this year and has already been operating for several months. It will focus on accepting ”rest of world” clients for IG – that is, clients from jurisdictions and countries where IG does not have an existing licensed operation. That would include areas such as Central and South America, and certain regions in Africa and the Far East. FNG spoke with an official IG spokesperson on the matter, who ... (full story)