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IG Group

IG Index: Fear factor prompts revenue rise

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If greed and fear drive the markets then it was definitely the latter which encouraged investors to take their hands out their pockets and trade with IG Group (LON:IGG).

The fear factor formed from fretting over the end of quantitative easing had people betting on the direction of the main equity indexes as well as a whole host of other indicators. 

And it was behind a 15% rise in revenue to £93.6mln. 

“Client activity this year was strongest early in the period in response to heavy falls in equity markets on the back of QE tapering fears in the US and concerns over the Chinese economy,” IG said in an update to the market covering the quarter to September 16.

Quick facts: IG Group

Price: £6.43

Market: LSE
Market Cap: £2.37 billion
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