IG Group expects to profit from Trump-related market volatility
The market volatility that has followed President Trump's return to the White House is expected to boost business at the trading platform IG Group, which said that it expected its annual revenues and profits to 'slightly' exceed City expectations.
IG Group, Britain's oldest spread-betting company, said 'elevated volatility across a range of asset classes' during the three months to the end of May, particularly in April, had led to higher levels of client activity than expected.
IG is a seller of spread-bets and contracts for difference, which are derivatives that allow amateur and professional traders to make leveraged, risky bets on the direction of financial markets ranging from currencies and commodities to bonds and equities.
It was a pioneer of the leveraged trading industry when
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