IG Group Posts Total Revenue for Q1 FY23 of £241.8M, up 11% YoY

IG Group​, a global online trading company providing CFDs and Forex, has released its financial results for the three months to 31 August 2022 ("Q1 FY23"), unveiling that its total revenue for the period came in at £241.8 million, rising 11% compared to that of Q1 FY22 at £218.3 million.

Specifically, the revenue for OTC derivatives grew 5% YoY to £197.8 million; the revenue for Exchange traded derivatives stood at £30.8 million, surging 36% YoY; regarding stock trading and investments, the figure was £6.1 million, down 19% YoY.

Besides, active clients across all markets and products in the quarter totaled 279,300, basically flat compared with that of prior year. And the group onboarded 19,200 new clients in the period, while the figure for the last same period was 26,200.

Earlier this month, Fazzaco reported that IG Group has appointed Catherine Davis as Chief Marketing Officer for IG, North America, and Tobias Stöhr as of Head of Sales, Germany.