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IG Group spent $1 billion to buy Tastytrade

IG Group spent $1 billion to buy Tastytrade

After the information about the record revenue for the second half of 2020, IG Group decided to please customers with another good news. $ 1 billion spent on expanding the business - the broker bought Tastytrade. In fact, it includes an educational platform of the same name, where novice traders can get training in futures and options trading, as well as a broker Tastyworks (currently there are more than 105,000 active accounts). Note that this company has more than 1.3% of the total trading volume in the US options market.

“I am delighted to welcome Tastytrade to our team”, - said IG CEO June Felix. "We believe this is a lucrative deal that will enable us to scale the US business and continue to diversify in the fast-growing options and futures market."

Note that today the US market is considered one of the largest in the world, there are more than 1.5 million retail traders. Tastytrade has shown itself well and is trusted. According to June Felikas, IG Group and Tastytrade have a lot in common: customer focus, desire to grow and develop using innovative technologies.

Do you want to know more about the trading opportunities offered by IG Group? Read the expert review of IG on our portal.

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