IG’s $1 Billion Bet on Tastytrade

IG took over TastyTrade for $1B USD. They have 105,000 active accounts. The price paid is seen as high, but shows some M&A activity.

It's not a like-for-like comparison, since TastyTrade is "A disruptive force in the U.S. derivatives market, tastytrade provides differentiated financial content, retail trader education and brokerage services."

But Selfwealth is probably at >70,000 active accounts now.