LeapRate has learned from industry sources that leading UK spreadbetting broker IG Group Holdings plc (LON:IGG) is looking to buy forex brokers and/or their client lists in the wake of yesterday’s heavy losses suffered by many in the industry. IG itself reported £30 million in Swiss Franc trading related trading losses with clients. A large amount for sure, but not all that significant in the grand scheme of things for IG – according to IG’s last results presentation in July 2014 they held over £400 million in cash reserves. IG did £370 million in revenue and £195 million in pretax profit in its most recent fiscal ... (full story)