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IG Group Receives Regulatory Designation for Nadex

1st April 2010 8:10 am GMT

IG Group Holdings plc said Thursday that the company's North American Derivatives Exchange (Nadex), the only regulated, retail-focused, online futures exchange in the United State, has finally received the change of regulatory designation which will allow it to accept clients via Futures Commission Merchants (FCMs).

IG Group said that the change represents the first step in the company's strategy to address the U.S market. The company's U.S-based FCM subsidiary, IG Markets Inc, is expected to begin [...]

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