IG distances itself from Worldspreads

19th Mar 2012 16:12

IG Group Holdings has said it notes that Worldspreads has appointed Joint Special Administrators following the identification of a material shortfall in client money and points out this it has no direct financial exposure to that company. Worldspreads had a UK market share of around 3%, compared to the IG's share of 41%, according to the most recently available market research. "IG Group fully segregates all individual client funds, even where regulation permits otherwise and does not utilise client money for its own purposes," the firm said. NR