IG Group Holdings Plc (LSE:IGG)'s shares fell 9% after its interim result revealed that "softer" market conditions had taken their toll - with the trend continuing into the third quarter.
For the six months ended 30 November 2023, the CFD and spread betting specialist, which now styles itself as a fintech, said total revenue fell to £472.6 million from £519.1 million in the previous year.
Net trading revenue also decreased by 19%, amounting to £402.4 million with IG citing "market volatility across a range of asset classes".
"The market conditions we experienced during H1 have continued into the beginning of our Q3," said chief executive Charlie Rozes.
"Despite this, the business continues to perform well reflecting our increasingly diversified revenue mix."
At 8.23 am, the shares were down 68p at 707p.