Spread betting and contracts for difference (CFD) provider IG Group Holdings expects revenue for the first half of its 2020 financial year to match the prior year's £250m (€296.4m/$328.5m) total, despite a year-on-year decline in revenue from core markets.
Spread betting and contracts for difference (CFD) provider IG Group Holdings has cited the impact of new European Securities and Markets Authority (ESMA) regulations as the primary reason behind a 16% year-on-year drop in revenue in its 2019 financial year.
The Central Bank of Ireland is to introduce a ban on the sale of binary options to retail investors and also restrict the sale of contracts for difference (CFD) products.
Spread betting and contracts for difference (CFD) provider CMC Markets has cited the impact of new regulatory measures across Europe as the primary reason behind year-on-year declines across income and profit in 2018.
Spread betting and contracts for difference provider IG Group Holdings has forecast a 17% year-on-year decline in revenue for the 2019 financial year, primarily due to a drop in over-the-counter revenue in the European Union.
Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.
Investment services provider IG Group has highlighted an “improvement in client quality” after new regulations by the European Securities and Markets Authority (ESMA) led to a slump in retail clients in the first half of the 2019 fiscal year.
IG Group has followed up on record results in the first half by announcing further year-on-year financial growth in the three months to February 28, 2018
Asaf Elimelech, chief executive of Plus500, has said that the company had a “very successful” first half of 2017 and is currently operating “significantly” ahead of expectations.
