IG Group has acquired Freetrade, an online trading platform, for £160 million. This acquisition will enhance IG Group's investment offerings in the UK.

Freetrade has a strong brand and scalable technology, which has contributed to its rapid growth in the direct-to-customer investment market. The UK direct investing sector has been growing at a compounded annual rate of 10% and is expected to continue expanding due to factors such as increased self-directed investing and greater financial literacy among individuals.

Freetrade's leadership team, including CEO Viktor Nebehaj, will continue to lead the company after the acquisition. This move demonstrates IG Group's commitment to expanding its target market and taking advantage of the changing landscape of investment services in the UK.