IG Group to sell Nadex and Small Exchange for $216M | Forex Factory

  • IG Group to sell Nadex and Small Exchange for $216M

    From fxnewsgroup.com

    Electronic trading major IG Group Holdings plc (LON:IGG) today announced the proposed sale of North American Derivatives Exchange, Inc. (Nadex) and Small Exchange, Inc, the latter of which the Group owns approximately 39%, to Foris DAX Markets, Inc. The proposed sale is a cash transaction with an approximate, aggregate price for the IG shareholdings in both companies of $216 million. The closing of the transaction is expected to be in the first half of 2022, subject to the satisfaction of customary conditions, including regulatory review. IG says that the deal would not materially impact full-year adjusted operating ... (full story)

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MariaFNG
Dec 1, 2021 11:31am
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Quoting CBAtrades
smart move by IG. binary options still have a taint around them even when offered licensed and regulated like at Nadex. tastytrade is much better platform for IG in the USA
Regarding binary options, I could not agree more with you.
But I would note that tasty's acquisition was pretty expensive and I see the selling price of Nadex as surprisingly small when compared to that $1bn price tag.
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CBAtrades
Dec 1, 2021 8:48am
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smart move by IG. binary options still have a taint around them even when offered licensed and regulated like at Nadex. tastytrade is much better platform for IG in the USA
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