IG Index plc is part of IG Group Holdings plc which is a United Kingdom-based company that is principally engaged in running a spread betting market, trading as principal and market maker for foreign exchange, and contracts for difference and acting as a fixed odds bookmaker. During the fiscal year ended May 31, 2008, the Company began trading on a regulated futures and options exchange. The Company hedges unmatched bets and trades, as considered appropriate, to ensure that it is not unacceptably exposed to material losses. The Company principally operates in the United Kingdom, Europe and Asia Pacific. Its direct wholly owned subsidiaries include IG Finance, which is engaged in financing, and IG Group Limited, which is a holding company. On December 6, 2007, the Company acquired HedgeStreet Inc. IG Index is Britain's leading financial spread betting firm, offering prices in a huge range of indices, currencies, commodities and options, as well as thousands of individual shares.