IG Group Posts £227.5 Million Revenue in Q1 FY22

IG Group Holdings plc has published numbers of its trading activities for the last three months, ending on 31 August 2021, showing a significant increase in net trading revenue in exchange traded derivatives.

In the first quarter of FY2022 ending 31 May 2022, the brokerage generated total revenue of £227.5 million. Excluding the foreign exchange hedging gain associated with the financing of the tastytrade acquisition​, adjusted net trading revenue was £221.7 million, higher than the previous year's £209.0 million and previous quarter's £214.1 million.

The adjusted net trading revenue of OTC leveraged, exchange traded derivatives and stock trading and investments reached £188.3 million, £25.8 million and £7.6 million respectively. The reported number of exchange traded derivatives is 310% higher than the previous year’s £6.3 million.

In addition, the broker reported 287,200 active clients last quarter. Excluding tastytrade, active clients were up 12% at 225,900 from previous year’s 201,500, reflecting both elevated levels of client acquisition over the 12 month period and new client retention levels tracking in line with historical client cohorts.

The broker witnessed 27,500 new clients last quarter. Excluding tastytrade, it onboarded  21,900 new clients, down 37% compared to the prior year’s 34,600.