IG Group (IGG) – like its sector peers – is in damage limitation mode ahead of the introduction of restrictions on the sale of contracts for difference (CFDs) for retail clients. UK and EU clients that have signed up as elected professionals – escaping the rules – accounted for more than 40 per cent of revenue by the end of June, and that proportion is growing rapidly (the spread-betting specialist also allows affected clients to contract with other regulated group entities in jurisdictions outside the EU).
To continue reading, subscribe today
and enjoy unlimited access to the following:
- Tips of the Week
- Funds coverage
- Weekly features on big investment themes
- Trading ideas
- Comprehensive companies coverage
- Economic analysis
