London-listed IG Group (LON: IGG) ended the fiscal quarter between June and August, generating a total revenue of £278.9 million, which was a 15 percent year-over-year increase. The broker highlighted that “higher revenue per client supported by elevated volatility across a range of asset classes in early August” boosted its revenue.
Out of the total figure, which also included interest income, IG generated £208.1 million from OTC derivatives, a 14 percent year-over-year increase, while exchange-traded derivatives revenue jumped 20 percent to £59.6 million. The remaining £11.2 million came from stock trading and investments.
The London-headquartered broker further noted that it earned £36.8 million in net interest income, up from £34.4 million in the corresponding quarter of the previous year. Interest income from OTC derivatives was £13.7 million, while exchange-traded derivatives brought in £18.4 million.
London-listed IG Group (LON: IGG) ended the fiscal quarter between June and August, generating a total revenue of £278.9 million, which was a 15 percent year-over-year increase. The broker highlighted that “higher revenue per client supported by elevated volatility across a range of asset classes in early August” boosted its revenue.
Out of the total figure, which also included interest income, IG generated £208.1 million from OTC derivatives, a 14 percent year-over-year increase, while exchange-traded derivatives revenue jumped 20 percent to £59.6 million. The remaining £11.2 million came from stock trading and investments.
The London-headquartered broker further noted that it earned £36.8 million in net interest income, up from £34.4 million in the corresponding quarter of the previous year. Interest income from OTC derivatives was £13.7 million, while exchange-traded derivatives brought in £18.4 million.
This post is originally published on FINANCEMAGNATES.
