Plus500 Limited Grant of Operating Licence in Israel (2759L)
30 September 2016 - 4:02PM
UK Regulatory
TIDMPLUS
RNS Number : 2759L
Plus500 Limited
30 September 2016
30 September 2016
Plus500 Ltd.
("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
Plus500@mhpc.com
About Plus500
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
The company news service from the London Stock Exchange
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September 30, 2016 02:02 ET (06:02 GMT)