As a consequence of increase in volatility in the foreign exchange and equity markets, IG Group's pre-tax profits hit £157m in the 12 months to the end of May, as compared to £126m last year. This increase in volatility led to a much increased customer trading.

According to IG Group's update, UK revenues escalated 8pc to £162m growing 17pc in the last quarter, with a blend of more trading by existing customers and a large number of new account openings by the people.

Vivek Raja, an Analyst at Panmure Gordon shared that IG Group's performance surpassed his forecasts and sustained a "buy" rating on the shares.

Mr. Raja wrote, “We believe the valuation remains undemanding for a company consistently delivering double-digit earnings growth. Despite the low visibility inherent in this business, we continue to see significant scope for earnings upgrades”.