Plus500 Limited Plus500 joins the Futures Industry Association
04 Dicembre 2023 - 8:00AM
RNS Non-Regulatory
TIDMPLUS
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 +972 4 8189503
Officer +44 (0) 7551 654208
Owen Jones, Head of Investor ir@plus500.com
Relations
Dentons Global Advisors
James Melville-Ross +44 (0)20 7664 5095
James Styles 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 .
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