IG Group Q1 income drops as buying and selling slows
One other week, one other set of headlines driving the markets. IG
Group reported internet buying and selling income of £231.9 million within the first quarter of
its 2026 fiscal 12 months, a 4% decline from the identical interval final 12 months.
The London-listed dealer mentioned whole income fell 7% to £259.9
million regardless of a 3% improve in common month-to-month lively clients, pointing to “much less
supportive market circumstances” that weighed on consumer exercise throughout its world
base. Internet curiosity revenue additionally dropped 24% to £28.0 million.
Be a part of IG, CMC, and Robinhood in London’s main buying and selling trade occasion!
On the similar time, the group posted £0.3 million in income from spot cryptocurrency buying and selling between June and August. The London-listed
dealer launched the service within the UK and Eire final June by a
partnership with Uphold.
Swissquote’s UK arm posts 48% income fall
Extra losses got here from Swissquote Ltd, the UK subsidiary of
Swissquote Group, which registered a lack of £1.16 million for 2024, greater than triple the £354,000 loss it recorded a 12 months earlier. Buying and selling volumes dropped
53% year-on-year, whereas internet turnover fell 48% to £419,000.
The corporate additionally reported increased administrative bills,
which rose 18% to £1.94 million, partly on account of worker share and choice
awards. Employees numbers declined to 9 from 11 the earlier 12 months.
Swissquote Ltd (UK
Subsidiary) Key Metrics
|
Metric |
2024 |
2023 |
% Change |
|
Internet Turnover |
£418,567 |
£810,210 |
-48.3% |
|
Administrative Bills |
£1,943,759 |
£1,641,994 |
+18.4% |
|
Loss Earlier than Tax |
-£1,155,796 |
-£354,108 |
+226.4% |
|
Whole Belongings |
£6,471,063 |
£7,556,525 |
-14.4% |
Equiti Capital UK revenue down 52%
Nonetheless within the UK, Equiti Capital UK Restricted reported a 52% drop in annual revenue this week, as rising working prices offset modest
income development.
The agency posted a revenue of $530,000 for the earlier 12 months,
down from $1.1 million in 2023. Internet buying and selling income rose 4% to $32.2 million,
supported by increased buying and selling volumes and expanded product choices.
EC Markets CEO says tokenisation prone to enchantment primarily to funds
In the meantime, Matthew Smith, the CEO of EC Markets, expressed warning about leaping into trade tendencies reminiscent of prop buying and selling and tokenized
belongings, describing them as largely marketing-driven and extra suited to
institutional traders than retail customers.
He famous that the UK marketplace for contracts for variations
(CFDs) is “desaturated” following Brexit, with few European brokers looking for FCA
approval. He additionally highlighted the prohibitive nature of native laws as a key
barrier for brand new entrants.
NAGA to launch tremendous app
Brokers are exploring methods to broaden their choices. NAGA
Group launched its next-generation monetary platform, NAGA ONE, coming into the
rising market of “tremendous apps” that combine banking, buying and selling, and fee
providers.
The Hamburg-based firm mentioned the platform will probably be
accessible for obtain within the fourth quarter and is designed to consolidate
funds, investing, and buying and selling features. The rollout initially emphasizes
fee options from NAGA’s present NAGA Pay service, which is being
discontinued.
Libertex launches Telegram mini app
And on Telegram, Libertex Group turned the second CFDs dealer to launch
a totally purposeful platform, following NAGA.
The app allows customers to register, log in, handle accounts, and execute trades
totally inside Telegram.
The transfer faucets into Telegram’s roughly 450 million day by day
lively customers, a platform recognized for end-to-end encryption and broad world attain. India is estimated to be its largest market, adopted by
Russia, Indonesia, and the USA, highlighting the app’s potential to
attain a broad viewers.
Foreign exchange.com launches 24/7 crypto CFDs
Apart from increasing choices throughout completely different platforms, brokers are additionally looking for to increase timeframes. FOREX.com launched 24/7 cryptocurrency CFD buying and selling this week, enabling purchasers to commerce digital belongings over the weekend as a part of the UAE’s wider digital finance initiatives.
The StoneX Group subsidiary now retains crypto CFD markets open from Saturday 8:00 a.m. UTC to Friday 9:00 p.m. UTC, eradicating the standard weekend buying and selling hole.
Bybit launches 24/5 inventory CFD buying and selling
Even crypto exchanges are seeing a chance. Bybit
launched 24/5 inventory CFD buying and selling on its TradFi platform, permitting customers to commerce
chosen equities all through the weekdays with out being restricted by U.S. market
hours.
The preliminary rollout consists of 20 inventory CFDs, all accessible
beneath the prolonged buying and selling schedule. The corporate confirmed that present
positions are unaffected and that present buying and selling and swap charges will stay
unchanged.
Trump targets quarterly reporting
Trump’s sweeping adjustments entered the monetary area, now
concentrating on quarterly reporting in U.S. monetary markets. He just lately advised that firms swap to biannual filings, a transfer which will even have advantage.
“Transferring to a six-month reporting schedule would truly improve volatility in share costs since you would have more and more outdated assumptions.”
CFRA Analysis’s @StovallCFRA on Trump’s proposal that public firms ought to report semiannually relatively than quarterly. pic.twitter.com/94J1FAadwH— Quest Means Enterprise (@questCNN) September 17, 2025
Is it a good suggestion? Lowering the compliance burden on
treasury and finance groups would additionally unencumber sources to enhance company
steadiness sheets. Advocates argue that reporting each six months may foster
longer-term pondering. The flip aspect is diminished scrutiny.
119 brokerages registered in Mwali final 12 months
By the top of 2024, the Mwali Worldwide Providers Authority had 258 companies on its registry, with 119 brokerage platforms gaining authorization over the previous 12 months. Amongst them are well-known CFD manufacturers reminiscent of RoboForex, Alpari, and HF Markets.
RoboForex runs its offshore operations beneath its Belize entity however secured a Comoros license simply weeks earlier than the top of 2024.
Alpari, which obtained its Comoros licence in April 2023, now operates solely beneath it. Different notable manufacturers that acquired Mwali authorizations in 2023 embody Octa Markets, AMarkets, BDSwiss, and TIO Markets.
CFTC to permit stablecoins as derivatives collateral
In issues of crypto laws, the Commodity Futures Buying and selling Fee will permit tokenized collateral, together with stablecoins, in derivatives markets, Performing Chair
Caroline Pham introduced this week
The transfer is a part of the CFTC’s broader “crypto dash” to
implement suggestions from the Working Group on Digital Asset Markets. It
follows the US Congress’s approval of the Genius Act, which establishes a
framework for outlining and regulating stablecoin issuers.
Aussie regulators suggest full crypto licensing
Elsewhere, Australia is transferring to tighten oversight of its crypto sector by bringing exchanges and custody suppliers beneath the identical regulatory
framework as conventional monetary establishments. A brand new draft regulation proposes that
all digital asset operators receive an Australian Monetary Providers License.
At the moment, solely platforms coping with main
cryptocurrencies like Bitcoin are registered with AUSTRAC. If handed, the
laws would require formal authorization for all crypto operators.
Tether eyes $500 billion valuation
In stablecoins, Tether, the issuer of the world’s largest stablecoin, is
reportedly trying to elevate $15–20 billion in recent capital whereas concentrating on a
valuation of round $500 billion, in line with Bloomberg. The proposed stake
represents roughly 3% of the corporate, highlighting the size of the
fundraising.
The transfer has drawn market skepticism, reflecting broader
doubts concerning the crypto sector’s lofty valuations and the recurring “confidence
recreation” that underpins investor enthusiasm in digital belongings.
Snap shares bounce following Snap OS 2.0 launch
Exterior the trade, Snap Inc. (NYSE: SNAP), the mother or father firm of Snapchat, noticed its inventory bounce 5.63% to shut at $8.44, with buying and selling quantity hitting 186.9 million shares, nicely above its three-month common of 59 million.
The surge adopted the corporate’s announcement of Snap OS 2.0 and plans to launch consumer-ready Spectacles in 2026, signaling its push into augmented actuality, browser instruments, and native WebXR. Buyers are betting these strikes may considerably impression the social media panorama and Snap’s market worth.
IG Group Q1 income drops as buying and selling slows
One other week, one other set of headlines driving the markets. IG
Group reported internet buying and selling income of £231.9 million within the first quarter of
its 2026 fiscal 12 months, a 4% decline from the identical interval final 12 months.
The London-listed dealer mentioned whole income fell 7% to £259.9
million regardless of a 3% improve in common month-to-month lively clients, pointing to “much less
supportive market circumstances” that weighed on consumer exercise throughout its world
base. Internet curiosity revenue additionally dropped 24% to £28.0 million.
Be a part of IG, CMC, and Robinhood in London’s main buying and selling trade occasion!
On the similar time, the group posted £0.3 million in income from spot cryptocurrency buying and selling between June and August. The London-listed
dealer launched the service within the UK and Eire final June by a
partnership with Uphold.
Swissquote’s UK arm posts 48% income fall
Extra losses got here from Swissquote Ltd, the UK subsidiary of
Swissquote Group, which registered a lack of £1.16 million for 2024, greater than triple the £354,000 loss it recorded a 12 months earlier. Buying and selling volumes dropped
53% year-on-year, whereas internet turnover fell 48% to £419,000.
The corporate additionally reported increased administrative bills,
which rose 18% to £1.94 million, partly on account of worker share and choice
awards. Employees numbers declined to 9 from 11 the earlier 12 months.
Swissquote Ltd (UK
Subsidiary) Key Metrics
|
Metric |
2024 |
2023 |
% Change |
|
Internet Turnover |
£418,567 |
£810,210 |
-48.3% |
|
Administrative Bills |
£1,943,759 |
£1,641,994 |
+18.4% |
|
Loss Earlier than Tax |
-£1,155,796 |
-£354,108 |
+226.4% |
|
Whole Belongings |
£6,471,063 |
£7,556,525 |
-14.4% |
Equiti Capital UK revenue down 52%
Nonetheless within the UK, Equiti Capital UK Restricted reported a 52% drop in annual revenue this week, as rising working prices offset modest
income development.
The agency posted a revenue of $530,000 for the earlier 12 months,
down from $1.1 million in 2023. Internet buying and selling income rose 4% to $32.2 million,
supported by increased buying and selling volumes and expanded product choices.
EC Markets CEO says tokenisation prone to enchantment primarily to funds
In the meantime, Matthew Smith, the CEO of EC Markets, expressed warning about leaping into trade tendencies reminiscent of prop buying and selling and tokenized
belongings, describing them as largely marketing-driven and extra suited to
institutional traders than retail customers.
He famous that the UK marketplace for contracts for variations
(CFDs) is “desaturated” following Brexit, with few European brokers looking for FCA
approval. He additionally highlighted the prohibitive nature of native laws as a key
barrier for brand new entrants.
NAGA to launch tremendous app
Brokers are exploring methods to broaden their choices. NAGA
Group launched its next-generation monetary platform, NAGA ONE, coming into the
rising market of “tremendous apps” that combine banking, buying and selling, and fee
providers.
The Hamburg-based firm mentioned the platform will probably be
accessible for obtain within the fourth quarter and is designed to consolidate
funds, investing, and buying and selling features. The rollout initially emphasizes
fee options from NAGA’s present NAGA Pay service, which is being
discontinued.
Libertex launches Telegram mini app
And on Telegram, Libertex Group turned the second CFDs dealer to launch
a totally purposeful platform, following NAGA.
The app allows customers to register, log in, handle accounts, and execute trades
totally inside Telegram.
The transfer faucets into Telegram’s roughly 450 million day by day
lively customers, a platform recognized for end-to-end encryption and broad world attain. India is estimated to be its largest market, adopted by
Russia, Indonesia, and the USA, highlighting the app’s potential to
attain a broad viewers.
Foreign exchange.com launches 24/7 crypto CFDs
Apart from increasing choices throughout completely different platforms, brokers are additionally looking for to increase timeframes. FOREX.com launched 24/7 cryptocurrency CFD buying and selling this week, enabling purchasers to commerce digital belongings over the weekend as a part of the UAE’s wider digital finance initiatives.
The StoneX Group subsidiary now retains crypto CFD markets open from Saturday 8:00 a.m. UTC to Friday 9:00 p.m. UTC, eradicating the standard weekend buying and selling hole.
Bybit launches 24/5 inventory CFD buying and selling
Even crypto exchanges are seeing a chance. Bybit
launched 24/5 inventory CFD buying and selling on its TradFi platform, permitting customers to commerce
chosen equities all through the weekdays with out being restricted by U.S. market
hours.
The preliminary rollout consists of 20 inventory CFDs, all accessible
beneath the prolonged buying and selling schedule. The corporate confirmed that present
positions are unaffected and that present buying and selling and swap charges will stay
unchanged.
Trump targets quarterly reporting
Trump’s sweeping adjustments entered the monetary area, now
concentrating on quarterly reporting in U.S. monetary markets. He just lately advised that firms swap to biannual filings, a transfer which will even have advantage.
“Transferring to a six-month reporting schedule would truly improve volatility in share costs since you would have more and more outdated assumptions.”
CFRA Analysis’s @StovallCFRA on Trump’s proposal that public firms ought to report semiannually relatively than quarterly. pic.twitter.com/94J1FAadwH— Quest Means Enterprise (@questCNN) September 17, 2025
Is it a good suggestion? Lowering the compliance burden on
treasury and finance groups would additionally unencumber sources to enhance company
steadiness sheets. Advocates argue that reporting each six months may foster
longer-term pondering. The flip aspect is diminished scrutiny.
119 brokerages registered in Mwali final 12 months
By the top of 2024, the Mwali Worldwide Providers Authority had 258 companies on its registry, with 119 brokerage platforms gaining authorization over the previous 12 months. Amongst them are well-known CFD manufacturers reminiscent of RoboForex, Alpari, and HF Markets.
RoboForex runs its offshore operations beneath its Belize entity however secured a Comoros license simply weeks earlier than the top of 2024.
Alpari, which obtained its Comoros licence in April 2023, now operates solely beneath it. Different notable manufacturers that acquired Mwali authorizations in 2023 embody Octa Markets, AMarkets, BDSwiss, and TIO Markets.
CFTC to permit stablecoins as derivatives collateral
In issues of crypto laws, the Commodity Futures Buying and selling Fee will permit tokenized collateral, together with stablecoins, in derivatives markets, Performing Chair
Caroline Pham introduced this week
The transfer is a part of the CFTC’s broader “crypto dash” to
implement suggestions from the Working Group on Digital Asset Markets. It
follows the US Congress’s approval of the Genius Act, which establishes a
framework for outlining and regulating stablecoin issuers.
Aussie regulators suggest full crypto licensing
Elsewhere, Australia is transferring to tighten oversight of its crypto sector by bringing exchanges and custody suppliers beneath the identical regulatory
framework as conventional monetary establishments. A brand new draft regulation proposes that
all digital asset operators receive an Australian Monetary Providers License.
At the moment, solely platforms coping with main
cryptocurrencies like Bitcoin are registered with AUSTRAC. If handed, the
laws would require formal authorization for all crypto operators.
Tether eyes $500 billion valuation
In stablecoins, Tether, the issuer of the world’s largest stablecoin, is
reportedly trying to elevate $15–20 billion in recent capital whereas concentrating on a
valuation of round $500 billion, in line with Bloomberg. The proposed stake
represents roughly 3% of the corporate, highlighting the size of the
fundraising.
The transfer has drawn market skepticism, reflecting broader
doubts concerning the crypto sector’s lofty valuations and the recurring “confidence
recreation” that underpins investor enthusiasm in digital belongings.
Snap shares bounce following Snap OS 2.0 launch
Exterior the trade, Snap Inc. (NYSE: SNAP), the mother or father firm of Snapchat, noticed its inventory bounce 5.63% to shut at $8.44, with buying and selling quantity hitting 186.9 million shares, nicely above its three-month common of 59 million.
The surge adopted the corporate’s announcement of Snap OS 2.0 and plans to launch consumer-ready Spectacles in 2026, signaling its push into augmented actuality, browser instruments, and native WebXR. Buyers are betting these strikes may considerably impression the social media panorama and Snap’s market worth.
