IG appoints tastytrade’s JJ Kinahan as Regional CEO for IG, North America

Rick Steves

“I look forward to helping to grow IG and tasty to further serve self-directed, ambitious people through our unique and comprehensive offering.”

IG Group has announced an evolution of management at tastytrade, the social trading network and neobroker acquired by IG in June 2021.

Integration has gone very well, with successful cross pollination and synergies created across the business including tech and marketing, according to IG, but now, co-founder Kristi Ross has decided to move to a strategic advisory role and step back from day-to-day responsibilities at tastytrade and IG.

The change in management also includes an expanded leadership role for recently hired VP and Chief Market Strategist, JJ Kinahan, who now becomes Regional CEO for IG, North America, effective 1 July 2022. JJ Kinahan joined tastytrade after holding senior positions at thinkorswim, TD Ameritrade, and at Charles Schwab.

As to tastytrade co-founder Tom Sosnoff, he will remain at the helm of tastytrade as CEO and oversee the overall development and scaling of tasty’s business in the US and abroad.

New chapter to drive tastytrade’s growth to next level

June Felix, Global CEO, IG Group, said: “Kristi is a highly-esteemed entrepreneur whose industry expertise and guidance helped shape tastytrade to become a premier online investing destination for self-directed traders. JJ’s industry experience and his background with tastytrade’s founders will drive our efforts to take tastytrade’s growth to the next level. We are pleased that the business will continue to benefit from Kristi’s expertise in her capacity as strategic advisor.”

Tom Sosnoff, co-founder and CEO of tastytrade, said: “Having worked with JJ before, I’m really excited that he is stepping into this important role.”

Kristi Ross, co-founder of tastytrade, added: “As a co-founder and entrepreneur, I can’t express enough how much I love tastytrade and I continue to be enthusiastic about the combination of IG and tastytrade. Therefore, as I enter this next exciting stage of my career, I remain committed to helping IG Group in an advisory capacity and have more time to focus on a non-financial start up. tastytrade was born out of the desire to create an investing ecosystem that combines compelling, informative content with a dynamic brokerage. The entire tastytrade team has devoted over 30 years to help individuals better understand financial markets and become empowered to meet their financial goals. I’m proud of the tremendous achievements we have made to date and I’m excited to see the next chapter of expansion and innovation to come.”

JJ Kinahan, upcoming Regional CEO for IG, North America, said: “The work Tom, Kristi and others have done to empower retail investors is an impressive accomplishment. Being able to help the team build on this solid foundation is a thrilling point in my career. I look forward to helping to grow IG and tasty to further serve self-directed, ambitious people through our unique and comprehensive offering.”

The tastytrade ecosystem includes brokerage firm tastyworks, Inc., established in 2017, which supports investors who want to actively manage their own money with a powerful trading platform and embedded engaging content.

tastyworks, Inc. is a registered broker-dealer and a member of FINRA, NFA and SIPC, and tastyworks Australia Pty Ltd is an ASIC registered broker-dealer.

tastytrade is a subsidiary of IG Group, which is also the parent company of IG, IG Prime, Spectrum and DailyFX brands, with a presence in Europe, North America, Africa, Asia-Pacific, and the Middle East.

Read this next

Retail FX

eToro valuation halved as SPAC merger deadline expires

The deadline for the completion of the SPAC merger of eToro had passed yesterday, June 30, and the Israeli broker apparently canceled the deal with Betsy Cohen-backed blank-check firm.

Institutional FX

FXSpotStream reports second best figure for monthly volumes

Trading volumes on institutional FX platforms surged in June after fears over the impact of Russia’s military invasion of Ukraine sent speculative asset classes reeling.

Retail FX

Vantage expands MT5 offering with access to new stocks

ASIC-regulated foreign exchange brokerage Vantage has expanded its service offering and trading products by incorporating new markets, namely 14 exchange-based stocks on MetaTrader 5.

Digital Assets

CFTC charges $1.7 billion Bitcoin scam, largest to date

Mirror Trading accepted at least 29,421 Bitcoin from approximately 23,000 investors from the United States and even more throughout the world.

Retail FX

Spotware Systems upgrades cTrader Desktop to version 4.3

Spotware Systems, a technology provider for the electronic trading industry, has launched an updated version of its cTrader Desktop, which adds new functionality to join a roster of advanced trading capabilities.

Digital Assets

OKX launches Block Trading for tighter pricing

With Block Trading, users can integrate spot and derivatives trades on the same platform and trade multiple currencies in a single trade. The service supports trading of perpetual swap, futures, and option contracts with popular altcoins as the underlying.

Industry News

Interactive Brokers pays $1 million to settle with CFTC

Interactive Brokers overcharged its customers a total of $710,828.14.

Metaverse Gaming NFT

DappRadar launches cross-chain token staking

The launch of the cross-chain token staking mechanism by DappRadar comes under a partnership with LayerZero protocol, which enables smart contracts to communicate across different chains.

Digital Assets

Polkadot releases one-stop marketplace for Substrate pallets

Proof-of-stake blockchain Polkadot has achieved a significant feat in its development, as it rolls out Substrate Marketplace, a one-stop shop for exploring the many Substrate pallets currently available.

<