IG, the world's first and largest financial spread betting company, consolidated the Lightstreamer Real-Time Web technology's integration within its world-class online CFD and spread betting platforms.
MILAN, ITALY -- (June 24, 2013) Weswit, a global leader in Real-Time Web solutions, announced that its flagship product Lightstreamer has been rolled out as the streaming engine at the heart of the client applications by IG Group (LSE:IGG), the leader in CFD and financial spread betting.
London-headquartered IG Group plc, a FTSE250 company with a market capitalisation in excess of GBP2bn, was founded in 1974 as the world's first financial spread betting company, and recorded GBP366.8m in trading revenues in 2012. IG executes more than five million transactions a month for around 140,000 global clients, has offices in 16 countries across Europe, the USA and Asia Pacific, and keeps gaining accolades and awards from industry groups and financial media, including Investors Chronicle/Financial Times “Best Spread Betting Provider” and “Best CFD Provider” in 2012.
IG has chosen Lightstreamer to push real-time prices, deal confirmations, and chart price updates. Currently, IG's products include a Web Dealing Platform and native Mobile Dealing Platforms for iOS, Android, Blackberry and Windows Phone, that provide retail clients with the ability to deal on tens of thousands of markets.
“We provide our clients with a very broad range of platforms from which to trade. We have worked closely with Lightstreamer to ensure that our clients receive fast, reliable price updates across all our platforms. In our experience Lightstreamer share our passion for providing a market-leading customer experience and have worked closely with us to ensure a very robust and fast price distribution platform to all our clients across all devices”, said Ivan Gowan, Head of IT Development at IG. “Our experience of Lightstreamer support has been very positive. They have taken on board our feedback on areas for improvement and have turned around fixes and improvements very quickly, building what we consider to be a strong partnership”, he added.
“We are delighted to know that Lightstreamer is part of one of the top CFD and Spread Betting platforms worldwide”, stated Mauro Fantechi, Co-CEO and Chairman at Weswit. “IG's appreciation is just the latest proof of the value of our technology for any massive, mission critical application”.
“With 12 years of day-to-day improvements and a solid track of success, Lightstreamer has achieved to offer top performance on any possible platform, browser, and framework, backed by a truly outstanding support team”, added Alessandro Alinone, Co-CEO and CTO at Weswit.
Lightstreamer consists of a highly scalable server and a rich set of client libraries, which bring live bi-directional data to any platform, passing through any kind of proxies and firewalls. Features include bandwidth and frequency control, adaptive throttling, data conflation, delta delivery, and total control over security and quality of service. Weswit has been recognized as a “Cool Vendor in Application and Integration Platforms” for its Lightstreamer product in a report published on April 11, 2012 by a leading analyst firm.
Weswit, with its flagship product Lightstreamer, is a global leader in real-time web streaming solutions. Since the beginning, Weswit has been focused on real-time technologies aimed at making the Web a live environment, and superseding the traditional web paradigm, where any update had to be "pulled" by the client, rather than "pushed" by the server.
Weswit has provided Lightstreamer to a growing number of companies ranging from small size startups to Fortune 500 corporations, including top-tier financial institutions, as well as aerospace, military, energy, gaming, sporting, media and entertainment companies. In 2012, Weswit has been recognized as a "Cool Vendor in Application and Integration Platforms" by Gartner, the world's leading information technology research and advisory company.
Weswit has thousands of free users and hundreds of customers worldwide, including Bank of America Merrill Lynch, J.P. Morgan, Morgan Stanley, NASA, Sony Music, Honeywell, bwin.party, SocGen, UBS, IG Group, City Index, ICAP, Fixnetix, and many others.
About IG Group
IG Group Holdings plc is a United Kingdom-based company. The IG Group is a global provider of contracts for difference (CFDs) and spread betting to retail investors. IG, through its main brands, IG Index and IG Markets, provides over 14,000 spread betting and CFD products on a range of financial markets, including forex, stock indices, shares, commodities, binaries, options and interest rates. IG Group Holdings plc, the parent of the IG Group, is listed on the London Stock Exchange. The IG Group employs approximately 1,000 people worldwide and has offices in the UK, France, Spain, Portugal, Germany, Ireland, Italy, Sweden, Netherlands, Norway, Luxembourg, Japan, Australia, South Africa, Singapore and the USA. IG has more than 150 highly skilled developers in London and is always looking for great people, if you are interested in joining an Agile, dynamic, highly profitable FTSE 250 company please get in touch.