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. In July 2000, shares in the newly named IG Group plc were first listed on the London Stock Exchange. In July 2002, IG Group commenced trading in Australia after a change in the country’s financial services legislation made it possible to offer contracts for difference to Australian residents. In October 2008, IG Group acquired FXOnline Japan KK, a Japanese retail FX business. In June 2011, IG Markets shut down its traditional fixed-odds sports service extrabet, which had an emphasis on in-play betting. The fixed odds sport service was shut down to focus on financial wagers, after failing to find a buyer for the whole unit. In September 2014, the company started its own online stockbroking platform offering prices on some 4,500 stocks.
In January 2015, the Swiss National Bank announced that it would be discontinuing its minimum exchange rate policy. In October 2015, IG “accepted a ruling by the UK’s Financial Ombudsman Service that it should compensate some customers that lost money during a rapid appreciation of the Swiss franc in January”. In 2012, IG Group consolidated its business in the UK under one brand, IG. IG Index, which offers spread betting on financial markets as well a binary options under the supervision of the UK Gambling Commission.
IG Markets, which offers CFDs on a similar range of financial markets. IG Markets Limited is authorised by the Financial Conduct Authority in the UK. The company sponsored Getafe CF football club in the 2010-2011 Spanish season. In November 2010, IG Markets signed a sponsorship deal to support Team Sky professional cycling team in 2011.
In December 2010, IG Markets announced sponsorship of two stages of Santos Tour Down Under cycling race in 2011. In October 2013, IG signed a sponsorship deal with Harlequin rugby team for the next three years. In September 2014, the deal was updated to make IG one of three major sponsors for the team. In May 2015, IG Group became a partner of Melbourne Football Club for 2015 and 2016. IG chief predicts end of market tranquillity”. IG Logs Full-Year Loss After Taking Japan-Unit Charges”.