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Online trading leader IG Group to acquire tastytrade for $1 bn

By Pavithra R

January 22, 2021

  • Europe
  • Online

IG Group Holdings, a global leader in online trading, has announced their intention to join forces with tastytrade, the fast-growing online financial network advocating for and empowering the individual investor, for a total purchase price of $1 bn which excludes tastytrade’s cash.

The acquisition is built on the shared passion for market disruption, innovation, and growth of the companies. They are committed to empowering self-directed traders to unlock opportunities in the financial markets and engage their customers with innovative educational content.

Founded in 2011, tastytrade is a real financial network which currently produces eight hours of live, original programming each weekday to provide financial information, investment strategies, and entertainment related to options trading and the stock market. The firm has built one of the top-rated brokerage businesses for online trading by active traders in options and futures.

“I am thrilled to welcome tastytrade to the IG Group family. This acquisition will materially expand and scale our business in the U.S. and see us further diversify into the exciting high growth market of U.S. retail options and futures, a market which is adjacent to IG’s core retail trading skill set. The U.S. market has more than 1.5 million retail traders2 and is the largest derivatives market in the world,” said June Felix, Chief Executive Officer of IG Group.

“tastytrade has grown impressively and proven itself to be an innovative market disrupter passionately committed to delivering for their clients. The financial and strategic rationale underpinning this deal are compelling. I am confident that with our shared client-centric ethos, passion for innovation and growth – IG and tastytrade will prove a winning combination.”

The acquisition deal scales IG’s footprint into the U.S. derivatives market significantly and diversifies its product offering further while providing a global platform for tastytrade’s international ambitions.

“Early on, we knew tastytrade was a very special company. While our long-term goal has always been to go global, we waited almost ten years until we found the right partner and perfect match. Together we will focus on empowering the self-directed investor and change the way people perceive and engage with financial markets. Get ready world!” said Tom Sosnoff, founder and co-CEO of tastytrade.

The tastytrade platform is expected to remain the same with operations to continue seamlessly. The management teams for IG and tastytrade will remain the same.

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