IG Group is cleaning up from the Plus500 crash
Advertisement
Google Finance
Advertisement
The London-listed company offers contract for difference (CFD) products to rival Plus500 and its stock has been jumping since news of Plus500's account suspensions broke on Monday.
IG is up over 5% on the week and up almost 2% today at an all-time high of 799.5p.
Anecdotal evidence from Plus500 customers Business Insider has spoken to suggests at least some disgruntled users who had their accounts frozen are switching over to rival services like IG. Investors seem to be betting it's more than just a few.
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’