IG Group is exploring a New York listing, a strategic shift that would grant the spread betting platform access to the US online trading market but further diminish London's standing as a financial hub. The FTSE 250 firm announced it will launch a strategic review to assess its domicile and listing venues, aiming to unlock capital and enhance flexibility. This move follows a 6% share price surge in London after reporting a 15% profit increase, lifting its annual gain to 50%.

Founded in 1974 by Stuart Wheeler with £30,000, IG has grown into a major player, poised to join the FTSE 100. Its potential US listing follows a trend of companies like Just Eat, Flutter, and Wise relocating from London for deeper liquidity. IG also launched a £125mn share buyback programme.