The UK’s leading spread betting outfit will no longer offer certain products to new customers following UK regulators imposing new restrictions on the sector.

On Tuesday, the FTSE-listed IG Group released interim results covering the six months to November 30, showing net trading revenue up 14% to a record £245m and pre-tax profit up 7% to £105.2m. As part of the release, the company announced it would stop offering its Sprints binary options product “to new clients with immediate effect.”

Sprints allowed IG Group customers to make highly leveraged bets on shifts in the market over periods ranging from one hour all the way down to one minute. The company said the Sprints product generated annual revenue of around £15m.

Of course, that was before the UK Financial Conduct Authority’s announcement in December of new restrictions on the contracts for difference (CFD) sector, which includes spread betting, binary options and ‘rolling spot’ foreign exchange products. That announcement sent IG Group’s shares down one-third in a single day, shedding nearly one billion pounds of market cap.