(Adds active client numbers, details and background)
March 15 (Reuters) - British online trading platform IG
Group on Wednesday forecast its annual revenue and
profit in line with market expectations, as the Ukraine crisis
and the Silicon Valley Bank meltdown fuelled market volatility
and boosted trading volumes.
Trading platforms, which saw a revival in volumes and client
activity levels last year with the Ukraine war and increasing
risks of a global recession, are also set to benefit in the wake
of the Silicon Valley Bank collapse.
IG, created by spread-betting pioneer Stuart Wheeler in 1974
to allow people to bet on the price of gold, said active client
numbers for the third quarter were down 5% at 335,400
year-to-date, reflecting quieter market conditions in the
period.
The London-listed firm said year-to-date total revenue from
continuing operations came in at 758.4 million pounds ($921.7
million), compared with 722.7 million pounds a year earlier.
($1 = 0.8228 pounds)
(Reporting by Aby Jose Koilparambil and Sinchita Mitra in
Bengaluru; Editing by Sherry Jacob-Phillips)
