London Capital Group Bags A Partnership Deal With IG Group
A London CFD service provider, London Capital Group signed a partnership agreement with IG Group, an online trading provider. LCG, commonly known for offering spread betting remarked its intention to, leverage IG Group’s platform, execution technology, and pricing.
“IG’s Web Trading Platform is well-established, industry-leading technology, backed by IG’s excellent pricing, liquidity, and execution. We’re delighted to add their platform to our existing offering and believe it positions us strongly to onboard brokers and high-value clients for the next stage of the LCG journey,” Managing Director of LCG, Matt Basi explained.
Besides the partnership, the broker declared intentions to collaborate with industry-lending providers as a part of its new progress. The written deal will imprint the firm with a robust capability to provide its clients with outstanding products, technology, and market pricing across all economies.
The Path of Rise
The LCG and IG Group partnership come weeks after the broker laid several changes in its operations. These changes include a newly-created team headed by Dave Worsfold, Matt Basi, and Stuart Dorward, the firm’s CEO, Managing Director, and Head of Sales and Trading, respectively. The company said the team “will be leading LCG on a new growth journey.”
“Bringing a combined 60 years of experience in financial derivatives, they will seek to onboard the best brokers, dealers, and clients in the industry. Together they will build a customer-led service proposition powered by best-in-class pricing and technology, in partnership with the leading providers in the sector,” LCG quoted in a LinkedIn post.
In a separate LinkedIn post, Basi expressed excitement at joining LCG on its new business trajectory.
“There’s a long-standing gap in the market for a brokerage to put its clients and staff [at the] front and center of its offering, and build a business powered not just by great tech and liquidity, but by relationships and service. We aim to plug that gap and build great partnerships with our clients, our counterparties, and our people,” Basi added.