Revolutionary futures exchange rejoins the IG Group retail ecosystem, continuing its mission of making the futures markets more accessible to retail investors and participants of all sizes
CHICAGO & LONDON, April 3, 2023–(BUSINESS WIRE)–IG Group, a leading global fintech whose US presence includes IG North America, delicioustrade, deliciouslive, delicious software solutions and IG US, announced today announced that Foris DAX Markets, Inc. has entered into an agreement to acquire Small Exchange, a Chicago-based futures exchange founded in 2019. IG Group previously had a stake in Small Exchange, which was acquired by Foris DAX Markets, Inc. the parent company of Crypto.com, in March 2022.
The acquisition will allow IG Group to further expand its range of products and services available to retail investors and traders in the US and leverage the Small Exchange’s trading technology. The Small Exchange has created a world class trading system, risk monitoring system and matching engine.
“We are very excited about the opportunity to buy back Small Exchange,” said Tom Sosnoff, founder of deliciouslive. “The future of market structure in the US depends heavily on exchange-level product innovation, and I am confident that we can build an exchange that will scale and become a market leader over the next decade.”
To learn more about what Small Exchange has to offer, visit www.thesmallexchange.com.
About The Small Exchange
The Chicago-based Small Exchange — backed by award-winning industry innovators and powered by a proprietary trade-matching engine — is a registered Designated Contract Market (DCM) with the Commodity Futures Trading Commission (CFTC). The mission of The Small Exchange is to become the world’s largest customer-centric futures exchange and to offer products that bridge the product gap for investors of all sizes by offering futures products that are smaller, more capital efficient, simple to use and easy to understand for all participants. The Company facilitates trading of exchange-created proprietary products for all types of market participants, including but not limited to market makers/liquidity providers, introducing brokers (IBs), futures commission merchants (FCMs), proprietary trading firms and hedge funds, all with a primary focus on the public retail customers.
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About IG
IG Group (LSEG:IGG) is an innovative global fintech company that provides dynamic online trading platforms and a robust education ecosystem to fuel the quest for financial freedom for the ambitious. For nearly five decades, the company has evolved its technology, risk management, financial products, content and platforms to meet the needs of its retail and institutional clients. IG Group continues to evolve its offering for the new generation of tomorrow’s investors through its brands IG, delicioustrade, deliciouslive, deliciouscrypto, IG Prime and Spectrum.
Founded in 1974, IG Group is a FTSE 250 company headquartered in London, offering clients access to around 19,000 financial markets through offices in Europe, North America, Africa, Asia Pacific and the Middle East.
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contacts
Media:
Laura Hayes
IG North America
312-721-3217
[email protected]
Fran Del Valle
influence advisory group
917-922-5653
[email protected]
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