Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Trading platform IG to buy U.S. brokerage tastytrade for $1 billion

Published 21/01/2021, 07:30
Updated 21/01/2021, 07:35
© Reuters.

(Reuters) - London-listed trading platform IG Group Holdings PLC (LON:IGG) said it plans to buy online brokerage tastytrade for $1 billion, as it ramps up its presence in the United States after a stellar year for the industry due to coronavirus-driven market volatility.

The deal consideration would be made through $300 million in cash and the issuance of 61 million IG shares, the company said on Thursday.

 

Latest comments

because of coronavirus-driven volatility? dude, remember why the retail traders grew...they had little else to do during lockdowns with stimulus checks (aside from paying off debt). The UPSIDE volatility kept retail traders going. Retail didn't short on the way down in Feb/March 2020.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.