The number of newly onboarded customers also registered a significant fall with 43% down in Q3. The new clients came at 26,169 during the quarter, compared to 46,238 for the same period last year. David Zruia, Chief Executive Officer of Plus500, commented: Plus500 delivered another excellent performance in Q3 2021, maintaining the strong operational momentum…
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Plus500 stated: The Company will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 101,331,310 (excluding treasury shares), and the company will hold 13,557,067 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 101,331,310. The CFD trading platform…
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The number of active customers has grown compared to both halves of 2020. It is currently 333,940, up from the first half of 2020 which saw 328,409 and a larger recovery after the customer base fell in the second half of 2020 to 278,566. The company is also expected to see revenue continue to grow…
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This latest acquisition is a continuation of Plus500’s strategy of acquiring companies to expand its geographical reach. This is a two-part process that the company carries out as it invests internally in its products and acquires companies that allow access into new markets. David Zruia, CEO of Plus500, had this to say: With a combination…
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With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every…
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This is why the company feels that comparing the 2021 performance to the 2019 performance gives a more accurate analysis. Plus500 managed to generate more than twice the revenue in H1 2021 for the same period in 2019. The trading update also mentions that the company managed to achieve this even in the face of…
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Eventus Systems, Inc has just announced that it has signed Australian stock brokerage firm Morrison Securities as a client. Eventus will deploy its Validus platform for trade surveillance in equities, equity options and warrants for the Sydney-based company. Eventus Systems has steadily grown its presence around the world including in the APAC region. Morrison Securities…
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Frenkel is a veteran in the field with more than 40 years in global macroeconomics. He has built a significant experience in leading and advising a number of high profile multi-national financial institutions. Most recently, Frenkel served as Chairman of JPMorgan Chase International, between 2009 and 2020. He was also Chairman of the Board of…
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Robinhood has announced Christine Brown will lead its crypto division as Chief Operating Officer. At her new position, she’ll oversee all of crypto operations and compliance. Brown will also keep her current position of Robinhood Markets’ VP of Product Operations. The Crypto division is part of Robinhood’s efforts to expand access to financial services to…
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David Zruia continued: The acquisition represents an important strategic step for Plus500 as we continue to transition into a global, multi-asset fintech group. Our long-term ambition is to enable simplified, universal access to financial markets, and I’m excited that we have taken a further step toward achieving this today. Bill Cunningham, Andrew Busby and Nate…
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