tastytrade, the online brokerage firm under IG Group, appointed James Rutter as the Head of tastytrade international, according to the announcement he made today (Thursday). Rutter was promoted from the role of Commercial Lead, which he held for a year and a half.

"I'm excited to announce I've started a new role as Head of tastytrade International at tastytrade! Building on the success of launching US-listed Equities, Options, and Futures in the UK, I look forward to driving further UK adoption and international expansion," Rutter mentioned.

Seasoned Industry Expert

According to his LinkedIn profile, Rutter is an industry expert, having spent nearly a decade in several roles under the IG Group, including Equity and Volatility Derivatives Trader, Sales Operations Manager, Head of Operations, Head of Business Development, and later as the Deputy Group Chief of Staff.

"Low commission, education-supported, margin-efficient, with volatility/probability-based investing strategies you cannot employ with other products…in a best-in-class platform…this product is a fantastic opportunity for investors and traders alike," Rutter added.

"If you can help us in our goals of driving further adoption of the product in the UK and expanding further internationally, please get in touch."

IG Group acquired Tastytrade in 2021. The transaction was completed after the firm received the regulatory and anti-trust green light to complete the business deal. According to the announcement, the total consideration comprises a total of $300 million in cash and the issuance of 61 million new ordinary shares in IG Group to Tastytrade shareholders.

Tastytrade Expands

Notably, tastytrade was previously named Tastyworks before rebranding in 2023. Elsewhere, tastytrade underwent a substantial expansion in Chicago. This initiative involved the launch of a 35,000-square-foot office space and studios. Additionally, the financial network plans to invest $600,000 in the Greenwood Project, a non-profit organization dedicated to enhancing diversity in the financial sector.

"At IG North America, we believe opportunity can drive positive change. By partnering with Greenwood Project, we are not only investing in the future of talented Black and Latino students but also contributing to a more diverse and inclusive financial services industry," the CEO of IG North America and President of tastytrade, JJ Kinahan, mentioned.

Source: Finance Magnates