...in its 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.
Lightstreamer is the most mature solution for delivering real-time messages, using standard web protocols, to any browser-based, mobile, and desktop application. With a growing number of customers ranging from small size startups to Fortune 500 companies like Bank of America, J.P. Morgan, and Morgan Stanley, Lightstreamer is used by many financial institutions around the globe to stream market data, news, and order execution as part of their dealing platforms (for security, FX, CFD trading, spread betting, etc.). All web, desktop and mobile technologies are fully supported, including HTML5, JavaScript, Apple iOS, Android, Windows Phone, BlackBerry, Java, .NET and more.
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.