IN BRIEF: IG Group completes sale of Nadex to crypto.com

Wed, 02nd Mar 2022 12:04

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