You may recall that in a comment about CMC Markets CMCX LN just under a week ago , I highlighted that IG Group IGG LN were among the most oversold UK Stocks .
Well the stock price has started to address that statistic today, rallying by +11.00%.
Lets not forget that according to industry press IG were recently approached by Crypto exchange Kraken about a possible merger .
The apparent sticking point to a deal being consummated, was what to do about IG’s US options and options education business Tasty Trade .
Since then Kraken have raised $800.00 million from investors that include Citadel Securities, one of the world largest HFT and market making firms.
