LONDON, March 18 IG Group, a provider of
financial spread betting and contracts for difference, posted a
9-percent rise in third-quarter revenue on Tuesday citing
improved conditions in financial markets.
IG, which allows investors to speculate on the future price
of securities or baskets of securities, said revenue in the
three months to Feb. 28 was 96.7 million pounds ($160.95
million), up from 88.6 million a year earlier.
Investors responded to greater clarity regarding the
tapering of the U.S. Federal Reserve's quantitative easing
programme and weaker-than-anticipated Chinese economic data.
The company said it is on track to deliver revenue ahead of
the prior year, assuming conditions continue to be supportive in
the fourth quarter. It reported full year revenue of 361.9
million pounds in 2013.