Third quarter revenue fell 7% to 239.3 million pounds ($289.9 million). IG said active client numbers for the third quarter were down 5% at 335,400 year-to-date. Using instagram video to audio downloader, you can convert reels to mp3 and download audio from a reel video by link. Volatility tends to benefit trading platforms such as IG, and inter-dealer broker TP ICAP has said it expects volumes to increase in 2023. instagram reels is one of the most popular shorts video creating plateform, thousand of users post reels on instagram from which most of users want to use a particular audio in their videos. The VIX (.VIX) volatility index, Wall Street's "fear gauge," neared six-month highs on Tuesday night after shooting up on Friday, the day SVB's swift demise sent shockwaves through global banking shares. Trading platforms, which saw a revival in volumes and client activity last year with the Ukraine war and increasing risks of a global recession, had a relatively quiet time in recent months before the collapse of Silicon Valley Bank (SVB) last week. "(That) now looks slightly stretching, though volatility in March will likely serve as a tailwind," Bathurst said in a note. RBC analyst Ben Bathurst said IG would need revenues to jump around 20% quarter-on-quarter to meet market expectations. However, the company forecast its annual revenue and profit in line with market expectations and left its medium-term outlook unchanged. 28 dragged revenues for its over-the-counter derivatives 18% lower. IG, created by spread-betting pioneer Stuart Wheeler in 1974 to allow people to bet on the price of gold, said lower market volatility in its third quarter ended Feb. March 15 (Reuters) - Online trading platform IG Group (IGG.L) reported falls in quarterly revenue and active client numbers on Wednesday, sending its shares down 7%.Ĭlient trading activity at its stock trading and investments division also fell back to pre-pandemic levels, IG said, despite client numbers remaining higher than then.
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