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June 4, 2020, 2:30 a.m. EDT

IG Group trading revenue surges past forecasts

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By Sabela Ojea

IG Group Holdings PLC said Thursday that trading in the fourth quarter of fiscal 2020 was stronger than expected and that net trading revenue is now forecast to be significantly higher than last estimated.

The online trader said that net trading revenue for the three months ended May 31 is expected to be around 259 million pounds ($325.9 million) compared with an estimate of GBP173 million as at April 24.

The London-listed company said that this was a result of higher levels of client trading activity.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

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