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IG falls on lack of market action

The trading platform struggles with a lack of volatility with many traders sitting on cash and waiting for opportunities
January 25, 2024
  • Interest income offsets trading fall
  • Investors wait for something to happen

By its own admission, the six months to 30 November were quiet for trading platform IG Group (IGG). An unusual lack of market volatility meant the company’s operational performance was becalmed, which was reflected on results day by a 7 per cent fall in the share price.

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