IG Group Holdings PLC - London-based online trading platform - Completes sale of North American Derivatives Exchange Inc and its 39% stake in Small Exchange Inc to Foris DAX Markets Inc, which trades as crypto.com. The USD216 million disposal was first announced back in December. Says disposal represents a "significant return" on investment and enables additional investment across the IG business. Nadex offers trading in derivatives such as binary options, call spreads and 'knock-outs'. Small Exchange is a forum for trading standardised futures contracts. Crypto.com offers cypto-currency wallets and a platform for trading non-fungible tokens.
Current stock price: 767.00 pence
12-month change: down 2.9%
By Tom Waite; thomaslwaite@alliancenews.com
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IG (IGG)