IG Binary Revenues Up

This is a discussion on IG Binary Revenues Up within the Fixed Odds & Binary Betting forums, part of the Markets category; Telcobert the "spread" doesn't really apply to Betfair - you can put your offers up inside the spread and get ...

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Old Aug 21, 2007, 12:50pm   #22
 
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Telcobert the "spread" doesn't really apply to Betfair - you can put your offers up inside the spread and get them matched quite a lot of the time... the concept of "stop losses" for binary bets can only really work with betting exchanges.
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Old Jan 20, 2008, 3:30pm   #23
 
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donaldduke started this thread According to latest financial results IG made 4.8 million from financial binaries in the six months to December.

The cheats are minting it but they still put you on manual if you make too much money.

They have 6,000 binary bet clients. That means they are making about £1600 a year per client. Although i would guess its not uniformly distributed, probably less than 1000 hardcore losers lining the bulk of IG's pockets.


http://www.iggroup.com/content/files...tion_jan08.pdf











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Last edited by donaldduke; Jan 20, 2008 at 5:53pm.
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Thanks! The following members like this post: Lightning McQueen
Old Jan 20, 2008, 4:54pm   #24
 
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Cheers for the link to those results - their betting exchange activities seem to be growing pretty fast. It will be interesting this year to see if any of IG's binary betting clients move to Tradefair and/or if IG will start MMing on that exchange as well - I've heard they are doing some MMing on Betfair's sports markets at the moment.
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Old Jan 20, 2008, 5:07pm   #25
 
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Although perhaps they will be focusing more on the recently acquired HedgeStreet exchange in the near future...
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Old Jan 20, 2008, 5:45pm   #26
 
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Quote:
Originally Posted by BinarySoft Chris View Post
Cheers for the link to those results - their betting exchange activities seem to be growing pretty fast. It will be interesting this year to see if any of IG's binary betting clients move to Tradefair and/or if IG will start MMing on that exchange as well - I've heard they are doing some MMing on Betfair's sports markets at the moment.
I doubt if IG will ever make a market on Tradefair. For a start they cant reject or delay deals like they do on their own sites.

Hit IG binaries for anything over 50 pounds a point and see how often you get rejected or have to wait upto a few minutes for them to wait for the market to move in their favour before they accept..
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Old Jan 20, 2008, 5:55pm   #27
 
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Well Capital Spreads are the current MM and are doing a pretty decent job so far, posting usually around £5-£10/point on both sides of the spread - hopefully this will rise over time. IG have also been offering binaries for a lot longer than CS, so I'd have thought that IG would have a pretty accurate pricing model by now.
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Old Jan 22, 2008, 5:18pm   #28
 
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IG's prices are the same as tradefair's,this happened about a week or so ago.is a third party using their platform to mm or did IG take over from someone else?
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