30 September 2016
("Plus500" or "the Company")
Grant of operating licence in Israel
Plus500, a leading online service provider for retail customers to trade CFDs internationally, is pleased to announce that the Israel Securities Authority, the national securities regulator for the State of Israel, has granted Plus500IL Ltd., Plus500's Israeli operating subsidiary, a licence to operate an online trading platform for retail customers to trade CFDs.
The Board believes that the award of the licence reflects the Group's robust trading platform and its continued focus on best practice regulatory compliance.
Asaf Elimelech, Chief Executive of Plus500 said:
"We are delighted to be amongst the first companies to be awarded a CFD trading licence in Israel. We believe that Israel is an attractive market given its well developed and regulated financial markets."
For further information please contact:
Plus500 Ltd +972 4 8189503
Elad Even-Chen, Chief Financial Officer
Liberum - Nomad and Broker +44 20 3100 2222
Clayton Bush, Josh Hughes
Berenberg (Joint Broker) +44 20 3207 7800
Chris Bowman, Amritha Murali, Marie Stolberg
MHP Communications +44 20 3128 8100
Reg Hoare, Tim Rowntree, Kelsey Traynor
Company website: www.plus500.com
Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,250 different underlying global financial instruments comprising equities, indices, commodities, options, ETFs and foreign exchange. The Company enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Window, smartphones (iOS, Android and Windows Phone), tablets (iOS, Android and Surface), Apple Watch and web browsers. The Directors believe that the success of the Company to date has been primarily due to the proprietary technology it has developed and continues to develop to support the trading platform. The trading platform has been designed to be as intuitive and easy to use as possible. The trading platform has been localised into 31 languages. The Directors believe that this emphasis on technology, together with the Company's targeted online marketing strategy, has helped to differentiate the Company from its competitors.
This information is provided by RNS