Spread betting and CFD provider London Capital Group (LCG) has seen poor performance in March cancel out increased activity in the first two months of 2014, leading to a 38 per cent decline in Q1 trading revenue.

Trading revenue for the first three months of the year fell from £7.6m to £4.7m, with average daily spread betting and CFD trades for the quarter falling 11 per cent year-on-year from 24,298 to 21,586.

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