IG Index
Corporate history
IG Index, the original IG Group company, was founded in 1974. It was the first financial spread betting company in Britain, and is today the leading operation of its type in the world. The group expanded rapidly in the 1990s with the introduction of Foreign Exchange dealing, Contracts for Differences (CFDs) and sports spread betting.
In 2000 IG Group was floated on the London Stock Exchange. In 2003 the founder's decision to sell his remaining interest in the company compelled a management buyout led by Nat le Roux, then CEO, and backed by CVC Capital Partners. Over the last three years the group has continued to expand its product range and scope of operations through the introduction of binary betting and the establishment of a rapidly growing business in Australia.
In May 2005, IG Group Holdings plc was floated on the main list of the London Stock Exchange. Since then it has been promoted to become a member of the FTSE 250 and currently has a market capitalisation of over £700 million.
IG Group companies have tens of thousands of clients worldwide making over 200,000 transactions a month, 85% of them online. In the year to May 2006, the Group achieved a turnover of £89.4 million, and generated a record EBITDA** profit of £52.6 million.
