IG Group is a UK-based company providing trading in financial derivatives such as contracts for difference and financial spread betting and, as of 2014, stockbroking to retail traders. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
The company was founded in 1974 by Stuart Wheeler as a spread betting business under the name IG Index (an abbreviation for Investors Gold Index) which allowed people to trade gold prices as an index instead of buying the physical commodity. In July 2000, shares in the newly named IG Group plc were first listed on the London Stock Exchange.
While the majority of the company’s activities are based in the UK, the company has expanded internationally. They have offices in across Europe, Chicago in US, Dubai, Tokyo, Singapore and Australia Melbourne.
They have multiple entities under the IG Group and are regulated by the following regulations – United Kingdom – FCA, Singapore – MAS, North America – CFTC, Australia – ASIC.
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