LONDON (dpa-AFX) - IG Group Holdings Plc (IGG.L) provided interim management statement for the period from December 1, 2011 to March 12, 2012.
The company noted that revenue in the third quarter increased 1.5% to around 75 million pounds from 74 million pounds in the prior year, reflecting growth in active client numbers of 4.6% offset by a decline of 3% in revenue per client.
IG Group stated that after a period of elevated and somewhat exceptional volatility during the first half of the financial year, mainly in August, volatility during the third quarter reduced significantly across all asset classes.
The company said it continues to see progressive growth in active client numbers, which is the key driver of long-term revenue growth. This growth is in turn underpinned by the on-going significant investment the Group makes in its technology platforms and systems.
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