March 15 (Reuters) – British on-line buying and selling platform IG Group (IGG.L) on Wednesday forecast its annual income and revenue in keeping with market expectations, because the Ukraine disaster and the Silicon Valley Financial institution meltdown fuelled market volatility and boosted buying and selling volumes.
Buying and selling platforms, which noticed a revival in volumes and shopper exercise ranges final yr with the Ukraine conflict and rising dangers of a world recession, are additionally set to learn within the wake of the Silicon Valley Financial institution collapse.
IG, created by spread-betting pioneer Stuart Wheeler in 1974 to permit folks to wager on the value of gold, mentioned energetic shopper numbers for the third quarter had been down 5% at 335,400 year-to-date, reflecting quieter market situations within the interval.
The London-listed agency mentioned year-to-date whole income from persevering with operations got here in at 758.4 million kilos ($921.7 million), in contrast with 722.7 million kilos a yr earlier.
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($1 = 0.8228 kilos)
Reporting by Aby Jose Koilparambil and Sinchita Mitra in Bengaluru; Modifying by Sherry Jacob-Phillips
Our Requirements: The Thomson Reuters Trust Principles.
