Online trading platform IG Group Holdings Plc (LSE:IGG) has hit an all-time high share price of 970p following a first-quarter trading update.
The FTSE 250-listed company achieved quarterly revenues of £278.9 million up by 15% year-on-year.
This is despite on-platform customer numbers falling by 1% year on year to 263,200.
IG Group specialises in the trading of over-the-counter (OTC) derivative products, which allow retail investors to speculate on price movements of securities without engaging in the formal stock exchange.
The company put its strong first-quarter performance down to “elevated volatility” in the market.
IG Group is currently valued at £3.51 billion.