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IG GROUP HLDGS PLC S/ADR - IGGHY STOCK NEWS

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IG Group has announced the reacquisition of The Small Exchange, a futures exchange based in Chicago, from Foris DAX Markets, Inc., enhancing its U.S. presence and trading capabilities. The deal is part of IG Group's strategy to expand its offerings for retail investors. The Small Exchange, known for its advanced trading technology, was initially acquired by Foris DAX in March 2022. Founder Tom Sosnoff expressed optimism about the exchange's potential to innovate and grow in the futures market over the next decade, aiming to make futures trading more accessible.

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IG Group has appointed Catherine Davis as Chief Marketing Officer for North America, aiming to enhance growth for its platforms including tastyworks and tastytrade. With a 30-year marketing background at companies like Morgan Stanley and Feeding America, Davis seeks to empower self-directed retail investors by expanding the investing ecosystem. She reports to Regional CEO JJ Kinahan and joins the Senior Marketing Leadership Team. This leadership change aligns with IG Group's commitment to innovation and improving customer experiences in online trading.

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IG Group (LON:IGG) announced a management evolution at tastytrade as co-founder Kristi Ross transitions to a strategic advisory role effective July 1, 2022. Regional CEO for North America, JJ Kinahan, will expand his leadership role. The integration of tastytrade since its acquisition in June 2021 has progressed well, creating synergies in technology and marketing. Tom Sosnoff remains CEO of tastytrade, focusing on its growth in the US and internationally. The changes aim to continue enhancing the retail investing experience.

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Prefect Technologies has issued a correction to its previous press release from April 28, 2022, regarding its partnership with Snowflake. The correction clarifies that their joint customer, tastytrade, has nearly 200,000 online trading accounts, not 4,000 as originally stated. The partnership aims to enhance dataflow automation for Snowflake users, allowing faster data insights and improved pipeline management. The integration now features enhanced API usage and enterprise authentication for Prefect 1.0 and Prefect Cloud.

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IG Group (LON: IGG) announced the appointment of Joe (JJ) Kinahan as Vice President and Chief Market Strategist of tastytrade, effective April 11. JJ brings over 35 years of trading experience, previously holding leadership roles at TD Ameritrade and thinkorswim. His expertise aims to accelerate tastytrade's growth by enhancing product offerings and engaging retail investors. The company focuses on disrupting online trading and offers extensive education and resources for investors worldwide, with a commitment to unlocking large addressable markets.

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The Unlucky Investor’s Guide to Options Trading, authored by Julia Spina and published by Wiley, aims to educate retail investors on options trading fundamentals and strategies. Set for release on February 23rd, the book leverages quantitative reasoning to minimize reliance on luck. With retail investors accounting for 25% of options trading activity and an average of 39 million contracts traded daily, there is a growing need for education in this area. The book will be available for preorder, with copies offered to new tastyworks brokerage account holders.

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IG Group has pledged to donate 1% of its post-tax profits annually from 2022 to 2025 to charitable causes, focusing on education and financial literacy. This initiative, part of the 'Brighter Future Fund,' aims to combat educational inequality and empower disadvantaged youth globally. The company has previously committed £2 million to various educational charities and emphasizes its dedication to improving futures through learning. IG Group continues to support underrepresented communities, particularly in the wake of the pandemic's impact on the global wealth gap.

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FAQ

What is the market cap of IG GROUP HLDGS PLC S/ADR (IGGHY)?

The market cap of IG GROUP HLDGS PLC S/ADR (IGGHY) is approximately 3.5B.
IG GROUP HLDGS PLC S/ADR

OTC:IGGHY

IGGHY Rankings

IGGHY Stock Data

3.48B
366.29M
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