Plus500 Limited Statement on Swiss Franc Movement (3132C)
16 January 2015 - 2:44AM
UK Regulatory
TIDMPLUS
RNS Number : 3132C
Plus500 Limited
15 January 2015
15 January 2015
Plus500 Ltd
("Plus500" or the "Company")
Statement on Swiss Franc Movement
Plus500 Ltd., a leading online service provider for retail
customers to trade CFDs internationally, notes the exceptional
movement in the value of the Swiss Franc today and is pleased to
confirm to the market that this has had no material impact on the
Company's financial and trading position. The Company is
experiencing a profitable trading performance today and believes
this is testament to the robustness of its risk management policies
and processes which effectively managed the Company's exposure to
the Swiss Franc. The Company's proprietary risk management system
ensures that overall exposures to a single instrument, such as the
Swiss Franc, are unlikely to have a material impact on the
Company's financial position. The Company wishes to remind
investors that its customers are unable to lose more than they
deposit with the Company and hence the Company has no credit
exposure to its customers.
The Company looks forward to updating the market on its
preliminary 2014 financial results on 25 February 2015.
Enquiries
Plus500
-----------------------------------------------------
Elad Even-Chen, VP Business +972 4 8189503
Development and Head of Investor ir@Plus500.com
Relations
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Liberum Capital
-----------------------------------------------------
+44 20 3100
Chris Bowman 2222
----------------------------------- ----------------
Luther Pendragon
-----------------------------------------------------
Harry Chathli, Claire Norbury, +44 20 7618
Alexis Gore, Nick Corrin 9100
----------------------------------- ----------------
About Plus500
Plus500 has developed and operates an online trading platform
for retail customers to trade CFDs internationally over more than
2,100 different underlying global financial instruments comprising
equities, ETFs, foreign exchange, indices and commodities. 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 and Android) and
tablets (iOS and Android)) and the internet. 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 over 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.
The Company is listed on AIM, a market operated by the London
Stock Exchange plc, under the trading symbol 'PLUS'.
www.plus500.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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