RCS - Plus500 Ltd - Plus500 joins the Futures Industry Association

Plus500Announcement

04/12/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231204:nRSD4568Va&default-theme=true

RNS Number : 4568V  Plus500 Limited  04 December 2023

4 December 2023
 
 

 

Plus500 Ltd.

("Plus500", the "Company", or together with its subsidiaries the "Group")

Plus500 becomes member of Futures Industry Association (FIA) as US business
expands

Plus500, a global multi-asset fintech group operating proprietary
technology-based trading platforms, is pleased to announce that its US
business has joined the Futures Industry Association (FIA) in the US, becoming
a primary member of the world's leading global trade organisation for the
futures options and centrally cleared derivatives markets.

The FIA's membership includes clearing firms, exchanges, clearing houses,
trading firms and commodities specialists from more than 48 countries as well
as other professionals serving the industry.

Since entering the US market in 2021 with the acquisition of Cunningham
Commodities LLC, Plus500 has established a strong and growing position in the
futures market in the US, supported by the Group's best-in-class technology
and its robust financial position.

The futures and options on futures market in the US represents a major
multi-year growth opportunity for Plus500 and the Group has already made
significant progress in developing its B2B and B2C offerings. Demonstrating
the increasingly diversified nature of its model and operational capabilities,
the Group is now a leading provider of B2B market infrastructure services for
institutional clients in the US futures market, supporting them with
brokerage-execution and clearing services, further enhanced by Plus500's
status as a full Clearing Firm Member of the CME Group and the Minneapolis
Grain Exchange (MGEX).

In addition, Plus500 recently launched 'Plus500 Futures', a new and intuitive
trading platform, specifically designed and tailored for retail customers
looking to trade US futures. The Group's successful partnership with the
Chicago Bulls, the iconic NBA team, continues to increase brand awareness and
visibility.

Plus500 uniquely offers US customers a fully holistic solution of onboarding,
depositing and trading in futures, having successfully leveraged its
best-in-class technology and expertise to build an end-to-end, one-stop shop
that caters for all the needs of US retail investors in accessing new trading
opportunities in futures.

David Zruia, Plus500 Chief Executive Officer, commented: "We are delighted to
have become a member of the FIA, further demonstrating the Group's continued
execution against our strategic roadmap in the US. Our membership of this
highly respected, leading global organisation represents another milestone for
Plus500 as we harness our differentiated technological capabilities to seize
the compelling growth opportunities in the US futures market."

 

 

 

 

 For further details:
 Plus500 Ltd.
 Elad Even-Chen, Chief Financial Officer  +972 4 8189503

 Owen Jones, Head of Investor Relations   +44 (0) 7551 654208

                                          ir@plus500.com (mailto:ir@plus500.com)
 Dentons Global Advisors
 James Melville-Ross                      +44 (0)20 7664 5095

 James Styles                             plus500@dentonsglobaladvisors.com (mailto:plus500@dentonsglobaladvisors.com)

 Methuselah Tanyanyiwa

 

About Plus500

Plus500 is an established global multi-asset fintech group operating
proprietary technology-based trading platforms. Plus500 offers customers a
range of trading products, including OTC ("Over-the-Counter" products, namely
Contracts for Difference (CFDs)), share dealing, as well as futures and
options on futures.

The Group retains operating licences and is regulated in the United Kingdom,
Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the
Seychelles, the United States, Estonia, Japan, the UAE and the Bahamas and
through its OTC product portfolio, offers more than 2,500 different underlying
global financial instruments, comprising equities, indices, commodities,
options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group
can trade its OTC products in more than 50 countries and in 30 languages.

Plus500's trading platforms are accessible from multiple operating systems
(Windows, iOS and Android) and web browsers. Customer care is and has always
been integral to Plus500, as such, OTC customers cannot be subject to negative
balances. A free demo account is available on an unlimited basis for OTC
trading platform users and sophisticated risk management tools are provided
free of charge to manage leveraged exposure and stop losses to help customers
protect profits, while limiting capital losses.

Plus500 shares have a premium listing on the Main Market of the London Stock
Exchange (symbol: PLUS) and are a constituent of the FTSE 250 index.
www.plus500.com (http://www.plus500.com) .

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAGZMGZVMLGFZM