UK listed Plus500 expands US trading push with single stock futures
UK listed Plus500 expands US trading push with single stock futures Aug 3 (Reuters) - Fintech broker Plus500 PLUSP.L said on Monday it has launched Single Stock Futures in the United States, expanding its futures offering by giving customers access to CME Group-listed contracts tied to individual U.S. stocks.
Here are some details:
The offering allows Plus500 customers to trade CME-listed futures tied to individual U.S. stocks, including long and short positions, with lower upfront capital requirements and extended-hours trading.
The Israel-based broker said it plans to add more contracts based on customer demand, liquidity and market conditions.
The launch marks another step in Plus500's push to expand its U.S. business beyond its traditional OTC contracts-for-difference (CFD) business.
In June, it launched sports event-based prediction market contracts as it broadened its exchange-traded offerings.
(Reporting by Atharva Singh in Bengaluru)
((Atharva.Singh@thomsonreuters.com;))
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