TIDMIGG
RNS Number : 1796B
IG Group Holdings plc
22 October 2009
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22 October 2009
IG GROUP HOLDINGS PLC
Possible regulatory changes in Japan
The Financial Services Agency in Japan ("FSAJ") have announced a short period of
public consultation on proposals to limit leverage on contracts for difference
("CFDs") over certain asset classes. They propose restricting leverage to 5
times for shares, to 10 times for equity indices and to 50 times for bonds. The
public consultation will run until 16 November 2009 with any restrictions coming
into force approximately one year later. These proposals do not affect CFDs on
commodities or precious metals or binary options.During the consultation period
the Group will lobby the FSA directly as well as via industry channels.
Revenue in September from the products affected represented approximately 0.5%
of Group revenue.
Enquiries
For further information please contact:
IG Group Holdings plc 020 7896 0011
Tim Howkins, Chief Executive
Steve
Clutton, Finance Director
Financial Dynamics020 7269 7114
Robert Bailhache
Nick Henderson
About IG Group
IG Group Holdings plc is a world leader in financial derivatives trading, with
several operating companies offering products to a retail and professional
client base.
Expanding beyond its initial business in UK financial spread betting, IG Group
has developed significant multinational operations with offerings in foreign
exchange (forex), Contracts for Difference (CFDs) and sports betting.
IG Group continues to innovate and grow. In the past few years it has introduced
mobile dealing, new platform and charting features and a regulated
retail-focussed exchange in the US. Today, the IG Group of companies employs
over 800 staff around the globe, helping more than 72,000 clients execute over
two million transactions per month. IG Group is listed on the LSE with a market
capitalisation of approx GBP1.3bn.
IG Group Companies
IG Index
IG Index is Britain's leading financial spread-betting firm, offering
prices in a huge range of indices, currencies, commodities and options, as well
as thousands of individual shares.
IG Markets
IG Markets is an international market-maker in financial
derivatives - principally CFDs on shares and indices - as well as being a
leading dealer in margined forex.
extrabet.com
extrabet.com offers sports spread betting, sports and financial
fixed-odds betting, sports and financial binary betting, as well as a casino
from a single account.
FXOnline Japan
FXOnline is market-leading Japanese forex service. It was the
first to offer commission-free trading on forex in Japan, and in 2009 introduced
a wide range of CFDs on shares, indices and more.
Nadex
The North American Derivatives Exchange was launched in June 2009,
becoming the first regulated, retail-focussed exchange of its kind in the US.
Nadex provides a direct access platform for users to trade contracts on a wide
range of markets.
This information is provided by RNS
The company news service from the London Stock Exchange
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