Investment and trading platform firm IG Group revealed the benefits of the Trump-induced market volatility in a short trading statement released on Monday.
The FTSE-250 firm revealed that heightened market volatility, particularly during April, has driven client trading activity well above typical levels.
IG said it expects its full-year revenue and adjusted profit before tax to meet or slightly surpass the upper end of analyst consensus, currently projected at £1.05 billion and £516.3 million respectively.
In April, we explained why trading platforms such as IG always do well during periods of volatility. Dramatic market swings almost always increase trading activity, directly bolstering the revenue for brokers like IG.
IG Group also provided an update on its balance sheet management and announced a new credit facility that is designed to help the group make further acquisitions. IG recently completed the takeover of Freetrade.
IG Group shares were flat at the time of writing after rallying around 20% from post-tariff lows.