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IG Group quarterly revenue slumps as regulatory woes, lower volatility weigh

Reuters - UK Focus

March 21 (Reuters) - Online financial trading group IG Group Holdings Plc reported a 29.4 percent slide in quarterly net trading revenue, as its UK and European units took a hit from stricter regulations that kept retail clients from using its platforms.

IG also on Thursday blamed lower levels of volatility in financial markets throughout the quarter, which it said led to persistently lower market activity in February.

The mid-cap company's net trading revenue slipped to 108 million pounds for the third quarter ended Feb. 28, from 152.9 million pounds reported a year earlier.

(Reporting by Muvija M in Bengaluru; Editing by Bernard Orr)