IG introduces new options trading interface on HTML5 trading platform

Maria Nikolova

The novelties have been released for all UK Spread Betting and Pro-CFD users, as well as in Australia, Dubai, Singapore and South Africa.

There have been many questions by clients of IG Group Holdings plc (LON:IGG) about options trading on the new web platform. These questions have been present since the start of the rollout of the solution. The online trading giant has responded to the requests and the new options trading interface is now available on the HTML5 trading platform, as confirmed by a member of IG staff.

“We’ve at long last pushed these out to our HTML5 trading platform. This has been released for all UK Spread Betting and Pro-CFD users. This has also been released to Australia, Dubai, Singapore and South Africa and we expect to roll this out to all of Europe by the end of the week”, a notice on the IG Community forum says.

Image credit: IG Community.

Traders are encouraged to provide any feedback – good or bad, which will be send to the options desk.

Let’s note that the options in questions are not binary options, which have been banned in the European Union, as per the latest ESMA rules.

When IG posted its results for the full year to May 31, 2018, the broker noted that it would be looking to diversify its offering to clients in line with the latest European regulators and the declining interest in cryptos.

“The interest in cryptocurrencies has now waned, and we look forward to facilitating client trading in other interesting markets this year”, IG said.

As ESMA’s product intervention measures are focused on the CFD industry, they risk creating an unlevel playing field by giving an advantage to other forms of leveraged trading products which are offered to retail clients such as futures, options, turbos and warrants, the broker warned back then. IG said it is developing new OTC leveraged derivative products that are compliant with regulations that it believes will be attractive to retail clients. The company added it will also assess the opportunity to expand further its range of financial trading products to include exchange traded futures.

Read this next

Executive Moves

Christine Kiener joins Saxo Markets UK as Head of Institutional Sales

“I have been very impressed by the strong track record, clear strategic pathway and ambition of the Saxo business. I am excited to start working with the team to further grow the institutional footprint which has been established in the UK.”

Industry News

CFTC charges Rathnakishore Giri with $12m Bitcoin ponzi scheme

“Identifying and policing fraud in these emerging markets may be difficult or delayed in light of the agency’s limited visibility in these markets”, said CFTC Commissioner Kristin Johnson.

Institutional FX

AbbeyCross raises $2.47m to develop FX market infrastructure for EM currencies

Many EM currencies are currently traded without full-price discovery, creating an unlimited compliance and regulatory risk.

Digital Assets

YouHodler enhances Multi HODL: faster rates and execution, lower fees

“We know some traders mentioned freezing issues when opening or closing a Multi HODL deal. Now, those problems are completely gone”.

Industry News

ASIC bans Funds United Pty director for six years

The six-year ban will prevent Ms. Hutchinson from controlling an entity that carries on a financial services business, and performing any function within the industry.

Inside View

Brave new world: Recruitment of fintech talent in the new UK immigration environment

In this article, solicitor Denise Osterwald outlines what UK businesses should do to attract top talent from abroad.

Digital Assets, Interviews

FX goes Crypto: Exclusive interview with BVNK’s Jonathan Cumberlidge

BVNK is the new name in the City of London. Co-founded by ex-TradFi Chris Harmse, Balfour Group founder Jesse Hamson-Struthers, and ex-TrueLayer George Davis, the firm provides a single platform to bridge fiat and crypto together. 

Digital Assets

AAX ranked world’s second largest spot exchange, only behind Binance

Crypto trading volumes experienced their first surge in activity since March as the majority of digital assets began their recovery from the recent grim price action, according to a new report by Cryptocompare.

Digital Assets

Bitpay teams up with Cardlytics to provide 15% cashback rewards

Crypto payment service provider Bitpay announced a partnership with Cardlytics Inc (NASDAQ:CDLX), which it says will offer more rewards for BitPay cardholders on its platform.