Talk:IG Group

message: IG are a bunch of goddamn cheats
can you prove that?  —Preceding unsigned comment added by 86.129.130.226 (talk) 21:37, 30 August 2007 (UTC)
replies: text: The article does seem to take a very pro-IG line. Might be worth researching critical stories in the press, etc. There has been talk that they encourage irresponsible gambling, adversely affect the markets and also have serious issues sometimes with unpaid debts, etc. LiberalViews 11:29, 31 August 2007 (UTC)
replies: text:  I have never heard of that. I think you are just being provocative  —Preceding unsigned comment added by 86.129.130.226 (talk) 23:25, 6 September 2007 (UTC)
thread_title: Untitled

message: First, some comments:
*This article needs a great deal of work. There is no introduction at the top, it is completely uncited, and its tone is not encyclopedic. After reading the article, I'm still not entirely sure what the company does.
*Wikipedia is not the place to air your issues with a company. If you want to have a section called "Criticism," then you must cite sources and verifiable, credible for it. It cannot be built on your own claims. Forexamateur, if so many people have complaints about this company, surely there are some articles in newspapers or magazines to support their claims. Using them will strengthen your argument.
Hope this helps. Let me know if there's anything else I can do. — HelloAnnyong [ t · c ] 13:37, 2 October 2007 (UTC)
thread_title:  Third opinion 

message: It could be argued that the lack of criticism of IG Index is a result of their zeal to threaten to sue unhappy customers that have aired their grievances.
for example see
http://www.igindexarecheats.co.uk
The site had been active for a month or so when IG Index threatened to sue the site owner. He has no idea how they found it. As the site is unfinished he has not yet promoted it.
He suggests that they must google search their company name and negative terms looking for such sites.
Just my two cents worth...  —Preceding unsigned comment added by 82.44.185.90 (talk) 22:59, 29 January 2010 (UTC)
thread_title:  4th opinion

message: The paragraph should be either removed or rewritten to comply with Wikipedia guidelines. Currently, it has no encyclopedic value. The statement that someone was surprised by something is not notable. The statement about complaints to FCA and "half the clients holding out from paying" is not supported by the cited source. Enivid (talk) 08:50, 6 June 2015 (UTC)
replies: text: now conformed better to the source given. Dormskirk (talk) 12:05, 6 June 2015 (UTC)
thread_title:  Swiss franc paragraph 

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*Added archive https://web.archive.org/web/20150403091351/http://www.spreadbettingdaily.com/uncategorized/ig-markets-review/ to http://www.spreadbettingdaily.com/uncategorized/ig-markets-review/
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thread_title:  External links modified 

message: The new Platform crashes section doesn't seem to be covering events notable enough to be encyclopedic. Nearly all platforms experience crashes. What makes these stand out? Enivid (talk) 12:36, 3 March 2021 (UTC)
thread_title:  Platform crashes section? 

message: According to the website the chair is Mike McTighe see https://www.iggroup.com/about-us/leadership/non-executive-board-members Dormskirk (talk) 11:41, 20 June 2022 (UTC)
replies: text: Yes, I restored the info. Vgbyp (talk) 09:43, 21 June 2022 (UTC)
thread_title:  Chair 

message: Hi, this is Scott, the Head of Social Media at IG Group. I've disclosed my conflict of interest on this page, as well as on my own user page, as I plan to share updated drafts of various subsections of this article. 
I'm here to post my first draft that would ideally replace the current Founding and early years (1974- 2000) subsection. The existing subsection lacks solid sourcing (there's only one source for the entire subsection) and content regarding the very early history of the company, something I've attempted to address in the draft you'll see below.
I've added new sources including pieces from The Telegraph, Reuters, and The Guardian. I've added a sentence that states that IG Group was founded as the first spread betting company, which is backed up by the first Reuters piece, and added a follow-up sentence that briefly explains that IG Group allowed customers to trade gold prices.
Additionally, I've slightly rewritten the existing sentence that IG Group was first listed on the stock exchange. Please read below: 
=== Founding and early years (1974 – 2000) ===
IG Group, founded as IG Index, was founded in 1974 by British financier Stuart Wheeler. IG Index was launched as the first spread betting company. Rather than buying physical gold, the company allowed investors to trade gold prices. 
In July 2000, IG Group was formed as a parent company of IG Index and shares first began to be traded on the London Stock Exchange.
To any editors who evaluate this request, I truly do appreciate it & will be able to answer any questions. Cheers! IGGroupScott (talk) 08:55, 7 November 2023 (UTC)
replies: text: I don't see how this is an improvement. The information is exactly the same, with nothing being corrected per se. Additionally, the section as it exists now is covered adequately by one reference, whereas the edit request proposal would add three more references, for a total of 4 references covering the exact same information. If the currently existing source is inadequate to cover these claims, the COI edit request needs to state which claims. Regards,  Spintendo  03:44, 8 November 2023 (UTC)
replies: text: I've decided to implement the proposed edit with a minor change. It's different from the original paragraph in that it offers more detail. The new citations also provide references to specific claims, which lacked in the previous version. Vgbyp (talk) 11:46, 8 November 2023 (UTC)
replies: text: Thank you for reviewing and implementing the requested edit! IGGroupScott (talk) 16:55, 8 November 2023 (UTC)
thread_title:  Founding and early years edit request 

message: IG Group, founded as IG Index, was founded in 1974 by British financier Stuart Wheeler. IG Index was launched as the first spread betting company. Rather than buying physical gold, the company allowed investors to trade gold prices. 
In July 2000, IG Group was formed as a parent company of IG Index and shares first began to be traded on the London Stock Exchange.
To any editors who evaluate this request, I truly do appreciate it & will be able to answer any questions. Cheers! IGGroupScott (talk) 08:55, 7 November 2023 (UTC)
replies: text: I don't see how this is an improvement. The information is exactly the same, with nothing being corrected per se. Additionally, the section as it exists now is covered adequately by one reference, whereas the edit request proposal would add three more references, for a total of 4 references covering the exact same information. If the currently existing source is inadequate to cover these claims, the COI edit request needs to state which claims. Regards,  Spintendo  03:44, 8 November 2023 (UTC)
replies: text: I've decided to implement the proposed edit with a minor change. It's different from the original paragraph in that it offers more detail. The new citations also provide references to specific claims, which lacked in the previous version. Vgbyp (talk) 11:46, 8 November 2023 (UTC)
replies: text: Thank you for reviewing and implementing the requested edit! IGGroupScott (talk) 16:55, 8 November 2023 (UTC)
thread_title:  Founding and early years (1974 – 2000) 

message: Hello, I'm back on this talk page with a new draft to replace the Expansion section. Similar to my last edit request, I've drafted this revised Expansion section seeking to improve sourcing and to remove claims that had no source.
Specifically, here are the changes I made:
*I've updated the reference for the CVC buyout of IG Group and rewrote the sentence to more accurately reflect the sourcing. I also updated the financial figures of the transactions that are shown in the Financial News piece.
*Similarly, I've updated the FXOnline sourcing to a Reuters piece and reworded the sentence slightly, adding the amount the company was acquired for. I've also moved it down to correctly fit the timeline of events.
*Added a Reuters source for the HedgeStreet acquisition, and pulled back on the sentence explaining what HedgeStreet (renamed to Nadex) does, since the company has its own article where readers can find out more about them.
*Removed the sentence about IG being labeled as a gambling company as it did not have a reference and the claim couldn't be supported.
*Removed the sentence about The Telegraph's warning report about spread betting, as the article and this sentence didn't pertain to IG Group specifically, and reads more as something you'd find on the spread betting article.
*Finally, removed the sentence about the IG Group obtaining permission from the US Commodity Futures Trading Commission to make changes to the company, as the source didn't back up the claim.
Please read below:
===Expansion (2001– 2010)===
In 2002, IG Group entered the international market for the first time by expanding its business to Australia. 
In 2003, private equity firm CVC Capital Partners backed a management buyout of IG Group for a total of £143 million. In April 2005, IG Group stock was brought back to the market valuing the company at £1.3 billion, and CVC sold off 15.1 million IG Group shares worth £58 million.
In 2007, IG Group entered the United States market for the first time by purchasing HedgeStreet, a digital marketplace allowing investors to trade financial derivatives online, for £2.9 million. In June 2009, the company was renamed to Nadex.
In September 2008, IG Group expanded into Japan by purchasing private online exchange trading firm FXOnline for £112 million. 
In 2010, IG Index, IG Group's spread betting firm, was hit with a claim for €25 million by three former clients of defunct Scottish trading firm Echelon Wealth Management for unspecified losses.
Thank you to any editor who provides feedback on this draft, I'll be around to answer any questions about the draft. Thanks! IGGroupScott (talk) 10:47, 22 November 2023 (UTC)
replies: text: The proposed changes look good to me, but I'd like to hear opinions of other editors. Vgbyp (talk) 09:14, 23 November 2023 (UTC)
replies: text:  Looks OK to me as well. Dormskirk (talk) 09:35, 23 November 2023 (UTC)

text: Thank you for reviewing and implementing these changes, I appreciate it! IGGroupScott (talk) 09:39, 24 November 2023 (UTC)
thread_title:  Expansion (2001– 2010) edit request 

message: In 2002, IG Group entered the international market for the first time by expanding its business to Australia. 
In 2003, private equity firm CVC Capital Partners backed a management buyout of IG Group for a total of £143 million. In April 2005, IG Group stock was brought back to the market valuing the company at £1.3 billion, and CVC sold off 15.1 million IG Group shares worth £58 million.
In 2007, IG Group entered the United States market for the first time by purchasing HedgeStreet, a digital marketplace allowing investors to trade financial derivatives online, for £2.9 million. In June 2009, the company was renamed to Nadex.
In September 2008, IG Group expanded into Japan by purchasing private online exchange trading firm FXOnline for £112 million. 
In 2010, IG Index, IG Group's spread betting firm, was hit with a claim for €25 million by three former clients of defunct Scottish trading firm Echelon Wealth Management for unspecified losses.
Thank you to any editor who provides feedback on this draft, I'll be around to answer any questions about the draft. Thanks! IGGroupScott (talk) 10:47, 22 November 2023 (UTC)
replies: text: The proposed changes look good to me, but I'd like to hear opinions of other editors. Vgbyp (talk) 09:14, 23 November 2023 (UTC)
replies: text:  Looks OK to me as well. Dormskirk (talk) 09:35, 23 November 2023 (UTC)

text: Thank you for reviewing and implementing these changes, I appreciate it! IGGroupScott (talk) 09:39, 24 November 2023 (UTC)
thread_title: Expansion (2001– 2010)

message: Hello, I'm back here to post a new edit request. In the last update I requested, the editor who implemented the changes absorbed the tastytrade subsection into the Further development (2011–present) subsection. I do believe there is enough sourcing on IG Group's acquisition of the company to merit its own subsection, so I drafted a new version of this subsection with improved sourcing. 
Specifically, I utilized new sources including Reuters, Financial Times, Built In, and Finance Magnates. I removed the piece from The Guardian, as the source didn't have any relevant information. I also added a new short sentence that points out that tastyworks later changed its name to tastytrade Please read below:
===tastytrade===
IG Group acquired Chicago-based online brokerage tastytrade in January 2021 for $1 billion, a trading platform catering to individual investors. Tastytrade was co-founded in 2011 by Tom Sosnoff, an entrepreneur and options trader, who also founded thinkorswim, a brokerage firm that was acquired by TD Ameritrade for $606 million in 2009, and Dough, Inc. In January 2017 subsidiary tastyworks was launched as a brokerage arm of tastytrade. In February 2023, tastyworks then rebranded to tastytrade.
If there are any questions from editors about this draft, please let me know. Ideally, this subsection can be posted directly after the Further development subsection. Thank you so much for evaluating the draft. Cheers! IGGroupScott (talk) 16:51, 7 February 2024 (UTC)
replies: text: I don't think this justifies a separate section, but otherwise I am OK with it. But I will other editors comment. Dormskirk (talk) 17:05, 7 February 2024 (UTC)

text: I agree with Dormskirk that this shouldn't be moved to a separate section. A paragraph in a history section is fine. Vgbyp (talk) 07:53, 8 February 2024 (UTC)
replies: text: Thank you both for the valuable feedback, and I understand your reasoning for not wanting the paragraph to be its own separate section. Would either you or Dormskirk mind replacing the current tastytrade paragraph with the one drafted above? Again, thank you both so much. IGGroupScott (talk) 08:17, 15 February 2024 (UTC)
replies: text: Done. Dormskirk (talk) 09:36, 15 February 2024 (UTC)
replies: text: Thank you! I understand about the section heading, though hopefully a separate section might be possible in future as there's more available in media about tastytrade. As a side note, I'm having some issues with fixing the logo (the one showing on the page is actually for our trading platform, not the actual IG Group logo). I might be back soon with a request for help with that. IGGroupScott (talk) 08:49, 16 February 2024 (UTC)
replies: text: I have updated the logo. Dormskirk (talk) 10:38, 16 February 2024 (UTC)
replies: text: That’s the correct one now, thanks so much! IGGroupScott (talk) 16:34, 6 March 2024 (UTC)
thread_title:  tastytrade subsection edit request 

message: IG Group acquired Chicago-based online brokerage tastytrade in January 2021 for $1 billion, a trading platform catering to individual investors. Tastytrade was co-founded in 2011 by Tom Sosnoff, an entrepreneur and options trader, who also founded thinkorswim, a brokerage firm that was acquired by TD Ameritrade for $606 million in 2009, and Dough, Inc. In January 2017 subsidiary tastyworks was launched as a brokerage arm of tastytrade. In February 2023, tastyworks then rebranded to tastytrade.
If there are any questions from editors about this draft, please let me know. Ideally, this subsection can be posted directly after the Further development subsection. Thank you so much for evaluating the draft. Cheers! IGGroupScott (talk) 16:51, 7 February 2024 (UTC)
replies: text: I don't think this justifies a separate section, but otherwise I am OK with it. But I will other editors comment. Dormskirk (talk) 17:05, 7 February 2024 (UTC)

text: I agree with Dormskirk that this shouldn't be moved to a separate section. A paragraph in a history section is fine. Vgbyp (talk) 07:53, 8 February 2024 (UTC)
replies: text: Thank you both for the valuable feedback, and I understand your reasoning for not wanting the paragraph to be its own separate section. Would either you or Dormskirk mind replacing the current tastytrade paragraph with the one drafted above? Again, thank you both so much. IGGroupScott (talk) 08:17, 15 February 2024 (UTC)
replies: text: Done. Dormskirk (talk) 09:36, 15 February 2024 (UTC)
replies: text: Thank you! I understand about the section heading, though hopefully a separate section might be possible in future as there's more available in media about tastytrade. As a side note, I'm having some issues with fixing the logo (the one showing on the page is actually for our trading platform, not the actual IG Group logo). I might be back soon with a request for help with that. IGGroupScott (talk) 08:49, 16 February 2024 (UTC)
replies: text: I have updated the logo. Dormskirk (talk) 10:38, 16 February 2024 (UTC)
replies: text: That’s the correct one now, thanks so much! IGGroupScott (talk) 16:34, 6 March 2024 (UTC)
thread_title: tastytrade

message: IG Group is headquartered in London. The company operates out of the United States, Europe, Australia, Singapore, South Africa, Switzerland, Japan, and Dubai, with 18 sales offices across the globe.
IG Group offers leveraged and investment products to its customers but has different products depending on region as countries have varying regulations.
In European countries, IG Group offers customers turbo warrants In the United States, through its acquisition of tastytrade, the company offers options, futures, and crypto trading for individual investors.
I should also note that I've created new ref name tags for The Times piece as well as The Telegraph piece I cite in the draft above. When the text is added to the article these references will need a cleanup as these both will be duplicated on the page. Here are the references that currently exist on the page: The Times and The Telegraph. To the editor who evaluates both of these requests, thank you so much for your time. IGGroupScott (talk) 16:37, 6 March 2024 (UTC)
replies: text: Looks OK to me but I will let other editors comment. Dormskirk (talk) 16:56, 6 March 2024 (UTC)

text: I support updating the Operations section, but I'm against removing the Gambling category as spread betting is actually gambling. Vgbyp (talk) 20:03, 6 March 2024 (UTC)
replies: text: Thank you both for weighing in. I understand your decision to not remove the Gambling category. As far as the Operations section draft goes, since you are both OK with it, is it possible for either of you, user:Vgbyp or user:Dormskirk, to implement the draft into the article, replacing the old Operations section? If one of you does have the time to do so that would be great. Again, thank you both for taking the time to review. IGGroupScott (talk) 08:32, 12 March 2024 (UTC)
replies: text: I have updated the operations section but not changed any of the categories. Dormskirk (talk) 08:43, 12 March 2024 (UTC)
replies: text: Thank you! IGGroupScott (talk) 08:45, 12 March 2024 (UTC)
thread_title: Operations