IG Group reported total revenue from continuing operations of £973.1 million, up 16% from the preceding year.
Nadex has banned Nathan Peachey for failing to disclose that he was indicted for fraud and money laundering.
Nadex will permanently remove the requirement of a specified initial deposit amount in order to become a Member.
IG Group completes the sale of Nadex and the 39% stake the Group holds in Small Exchange, Inc for $216 million.
Nadex has banned Liang Zheng for engaging in a manipulative scheme to defraud Nadex markets in at least 12 binary option contracts.
Nicole Hedrick’s Nadex Membership is revoked and she has been permanently banned from trading on Nadex Markets.
IG Group reports that tastytrade has performed very well in the first 5 months since acquisition, delivering 34% revenue growth.
Nadex has issued disciplinary notices to 14 traders who have violated the rules of the Exchange by engaging in a manipulative scheme.
“We want to reassure you that from a client perspective, your experience with Nadex will remain unchanged,” Nadex tells traders.
The proposed sale is a cash transaction with an approximate, aggregate price for the IG shareholdings in both companies of $216 million.