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(Adds active client numbers, details and background)
March 15 (Reuters) - British online trading platform IG Group on Wednesday forecast its annual revenue and profit in line with market expectations, as the Ukraine crisis and the Silicon Valley Bank meltdown fuelled market volatility and boosted trading volumes.
Trading platforms, which saw a revival in volumes and client activity levels last year with the Ukraine war and increasing risks of a global recession, are also set to benefit in the wake of the Silicon Valley Bank collapse.
IG, created by spread-betting pioneer Stuart Wheeler in 1974 to allow people to bet on the price of gold, said active client numbers for the third quarter were down 5% at 335,400 year-to-date, reflecting quieter market conditions in the period.
The London-listed firm said year-to-date total revenue from continuing operations came in at 758.4 million pounds ($921.7 million), compared with 722.7 million pounds a year earlier.
($1 = 0.8228 pounds)
(Reporting by Aby Jose Koilparambil and Sinchita Mitra in Bengaluru; Editing by Sherry Jacob-Phillips)