IG Group

IG US Partners With The Tokenist for Educational Services

The Tokenist has recently formed a strategic partnership with options trading alert service, The Trading Analyst, with the aim of lifting the veil of trading complexity, buzzwords, and insider lingo.

The Tokenist has partnered with IG US, the US-based subsidiary of IG Group, to inform its growing audience on the developing opportunities presented by the world of traditional and emerging decentralized finance.

The educational service will provide insights on forex trading. The partnership with IG US represents a major milestone for The Tokenist.

Tim Fries, co-founder at The Tokenist, said: “Our partnership with IG US demonstrates our commitment to all aspects of financial education. Currencies represent the most commonly traded asset in the world, with nearly $6 trillion exchanged each day. IG Group is a distinguished leader in the forex market, and we plan to leverage this partnership to bring the best information available to our growing readership.”

Eliminating the barriers of entry into all aspects of finance—from mortgage lending, improving credit scores, to stocks, options, forex, Bitcoin, and synthetic stocks, is The Tokenist’s mission statement.

IG US LLC is a member of the National Futures Association (NFA) since 2018. It is registered as a Retail Foreign Exchange Dealer (RFED), and Introducing Broker.

In line with previous reports by FinanceFeeds about plans by IG Group to re-establish itself in the North American retail FX market, the online trading major has obtained the necessary regulatory registrations in the United States. The BASIC system of the National Futures Association (NFA) shows IG US LLC has secured a number of approvals, dated October 15, 2018.

IG US LLC has just gotten officially registered as a Retail Foreign Exchange Dealer (RFED), and Introducing Broker. It has been approved as Forex Dealer Member, Forex Firm, and NFA Member.

The firm is engaged in retail off-exchange foreign currency futures and/or options.

IG Group has reiterated its interest in the US OTC FX market, where it believes the market is currently underserved. IG filed its license application at the end of November 2017 to establish a new subsidiary based in Chicago.

There are just a handful of retail FX brokers currently offering their services in the US retail FX market – GAIN Capital and OANDA are some examples.

GAIN has recently been acquired by StoneX, formerly known as INTL FCStone.  According to the merger deal, the firm acquired GAIN for $6.00 per share in an all-cash transaction representing approximately $236 million in equity value. The firm also made an offer at closing to repurchase GAIN’s $92 million convertible notes due 2022.

The merger agreement was made while StoneX was still known as INTL FCStone. The rebranding took place in late June 2020. The provider of execution, post-trade settlement, clearing, and custody services rebranded to carry forward the foundation established by Saul Stone in 1924.