IG collection Promotes Small Exchange from Crypto.com’s Parent
In December 2021, IG Group inflexible to sell its subsidiary North American Derivatives Exchange as well as Small Exchange, noting that the deal “delivers a significant return” on the previous expenditure made in these entities and “enables additional investment across all our businesses.”
At the time, June Felix, the CEO at IG Group, noted that the deal will give the Group the room to sharpen its focus on integrating and aggregating the US options and future profession through its tastytrade and tastyworks franchises, both in the United States and internationally.
Nonetheless, the company proclaimed on Monday that re-admitting the futures exchange into its network will enable it “to continue enlarging its range of products and services accessible to retail investors and traders in the U.S. and to leverage the Small Exchange’s trading automation.” The firm said Small Exchange, which was floated in 2019, boasts of “a world-class trading system, risk-monitoring system and matching engine.”
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