IG Group Receives Regulatory Approval from NFA for US Operations

Karthik Subramanian

Karthik Subramanian has been a professional trader and fund manager over the last 18 years. He is basically a software developer who made the transition to financial domain around 18 years back as the attractiveness of the financial markets proved too much for him. He lives in Chennai in India along with his wife and son. He began his career as a software developer in 1999 and then gradually moved into the financial industry as he began trading stocks in his pastime. He then moved into the financial markets full time and then shifted his focus to the FX markets due to the liquid nature of these markets. Since then, he has been trading FX diligently and his favourite pair are the EURUSD and EURJPY. Over the last couple of years, he has found blockchain to be of high interest and considering his background in software and finance, he has since assembled a team of highly talented developers who have since worked on a variety of projects like crypto exchanges and blockchain architecturing. Now, he balances his time between trading and commenting on both the FX and crypto markets. He has worked with many publications including FX Street and Finance Magnates, which has helped him gain experience and also recognition across the industry. He loves to write and this passion has helped him to reach out across the FX and crypto industry. Right now, he works on his pet projects in the FX and crypto industry and spends his time writing and managing his blockchain team and helping it to reach higher.

National Futures Association - NFA

IG Group Receives Regulatory Approval from National Futures Association for US Operations

October 16, 2018

IG GroupIG Group’s dream of opening a US subsidiary got a major boost this Tuesday after it received regulatory approval from the National Futures Association (NFA), a self-regulatory organisation that governs the American derivative market.

With Today’s approval from NFA, IG Group has received all regulatory approvals it applied for in last October. IG Group was signalling about opening up of US office over the past 12 months and now it is estimated that it would open in the middle of 2019 fiscal, that means in the next couple of months.

According to NFA’s release and IG has also previously announced, the US office will be located in Chicago on W Jackson Boulevard in the heart of the Windy City’s financial district. IG is working on to build its US team for some time now and has made all the hires it needs for US operation. At the senior management level, the US CEO positions will be handled by Rupert Osborne, formerly IG’s Deputy Head of FX and Futures.

Matthew Macklin, IG Group Head of UK operations
Matthew Macklin, IG Group Head of UK operations

IG Appoints Matthew Macklin as the firm’s Head of UK Operations

IG has also made an important hire in the UK region by appointing Matthew Macklin as the firm’s Head of UK operations. The information made public through his LinkedIn profile. Macklin has stepped down as Head of Europe from CMC Markets back in August where he was working since 2012.

Matthew Macklin’s return to IG Group marks the end of speculation about his next stint since he left CMC. Macklin started his career with IG in 2004, and worked for almost eight years, His first position at IG was as a Futures Dealer and in 2010, he was promoted to the Group Head of Sales Trading and again promoted after a period of one year as Group Head of Trading Services.

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