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IG Group Buys Retail Options Business Tastytrade


IG Group Buys Retail Options Business Tastytrade
Posted on 01/23/2021
IG Group Holdings PLC is a U.K.-based operator of online trading platforms. A few days ago, IG Group agreed to acquire U.S. brokerage and financial media firm Tastytrade, Inc. for US$ 1 billion. IG Group is seeking to capitalize on the growth of option trading by retail investors. Tastytrade (tastytrade) is based in Chicago and was founded by Tom Sosnoff. Sosnoff is an entrepreneur, options trader, co-founder of Thinkorswim and Tastytrade, and founder of Dough, Inc. He was Senior Vice President of Trading and Strategic Initiatives at TD Ameritrade. Tastytrade has a brokerage arm called Tastyworks and a free online-video network featuring tutorials on trading strategies and interviews. ....

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