Leading UK online broker IG Group (LON:IGG) has announced the launch of options and futures trading for UK clients using leading US broker’s trading platform for self-directed traders, tastytrade.
IG Group acquired tastytrade in 2021 to strengthen IG’s prominent position in the high-growth retail options trading market.
The launch gives IG UK self-directed retail traders the option and opportunity to access one of the world’s fastest growing markets through a leading platform built and led by industry experts with decades of experience in the options and futures markets .
The launch comes as options and futures trades emerge as an increasingly popular component of traders’ overall portfolios, allowing investors to express their conviction about a company or sector in a capital-efficient way.
This summer, IG UK clients will be able to trade US-listed options and futures on more than 7,000 options and futures instruments, accessing all the depth and liquidity available in the US market – through an award-winning platform. IG’s offering will enable instant funding and currency conversion, enabling them to take immediate advantage of opportunities.
Along with access to stocks, options and futures, IG will provide cutting-edge trading capabilities, competitive pricing and proprietary content through the tastytrade platform to enhance the trading experience of its UK clients. Extensive data points will be available to clients within the platform, enabling them to make data-driven decisions about their trading activity.
UK clients will have access to new, active and live financial content – available on tastylive, the first live network for active retail options traders. tastylive will add five hours of live streaming per day to educate UK traders and help them navigate markets in real-time, extending live streaming hours from eight to thirteen.
JJ Kinahan, CEO of IG North America and President of Tastytrade, said:
“At IG, we are dedicated to creating the best possible shopping experience for global customers, working to continuously improve our products and offerings. The options and futures markets offer an exciting trading opportunity in an active trading portfolio. They are useful tools for marketers to make a point – whether it’s the Magnificent Seven or a particular company.”
“The UK is ripe with experienced traders who have diversified, active portfolios and are looking for new market opportunities, but until now, access to options and futures has been limited compared to the US. This launch is a natural extension of our offering and these products will be a complementary addition to many experienced traders’ portfolios. Where marketers have the financial appetite and conviction to pursue these markets, we are committed to ensuring they have both the access and informative content needed to make the most of the opportunity.”
Tom Sosnoff, CEO of tastylive, said:
“IG’s expansion to offer its clients US-listed derivatives is a watershed moment for the business. As former options traders ourselves, we know what it takes – in technology, tools and team – for options and futures to enhance trading objectives on a global scale.”
“As a leading group that started at the physical level of trading, we’ve seen it all. We are excited to bring efficient capital trading to those UK traders looking for new opportunities and welcome more traders worldwide to the tastytrade community.”
“IG has partnered with tastytrade to strengthen and expand the trading ecosystem for self-directed retailers and today’s announcement proves that ambition is being fulfilled. Alongside the scale and synergy of IG, tastytrade will combine unique and entertaining content with sophisticated, technical analysis for markets crying out for options and change.”
Tastytrade has used decades of combined trading experience to create an award-winning platform for active traders, backed by excellent customer support and cutting-edge technology. IG acquired tastytrade in 2021 to diversify its product offering for customers and strengthen its global footprint.
IG’s UK offering will now offer UK customers a wide range of financial instruments across OTC and listed markets across ISAs, share trading, CFDs, spread bets, options and futures.