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IG Group expects lower YOY net trading revenue in fiscal H1

IG Group Holdings PLC expects net trading revenue in the fiscal first half to be around £250 million, down from £251 million in the same period a year ago.

The U.K.-based online trading firm noted that its revenues in the previous year benefited from two months of trading before the European Securities and Markets Authority's product intervention measures came into force.

The company's core markets revenue is expected to be 6% lower than a year earlier, to roughly £210 million. Revenue in the businesses identified as significant opportunities is expected to be £12 million higher year over year, to around £40 million, driven by continued strong performance in Japan and in emerging markets.

The group's first half results for fiscal year 2020 will be released Jan. 21, 2020.