European traders now gain "glimpse of regulated trade" through Plus500's entry into accessing the European Futures Market.
Plus500, a leading online trading platform, is making significant strides in its global expansion. The company's latest moves aim to broaden its offerings and establish a stronger presence in various markets.
Acquisitions and Memberships for Growth
Plus500 has agreed to acquire Mehta Equities, a regulated Indian wealth manager and broker, for $20 million. This move will allow Plus500 to offer regulated access to energy, carbon derivatives, power, gas, and carbon futures and options in India.
In addition, Plus500 has acquired a US-regulated broker to enter the country's futures trading market. This acquisition is part of Plus500's strategy to grow its non-over-the-counter (OTC) offerings and expand its membership base.
Clearing Memberships as a Key Pillar
Plus500's strategy for its global futures business includes clearing memberships as a key pillar. The company has previously obtained ICE Clear US membership and recently became a member of ICE Clear Europe, enabling access to European futures markets. These memberships will further expand Plus500's clearing capabilities in European markets, as stated by Plus500's CEO, David Zruia.
The membership with ICE Clear Europe enhances Plus500's established position in the futures market and will help the company strategically scale its clearing services across new territories and customers. This move is expected to contribute to Plus500's rapid growth in the futures market, as the company is rapidly gaining market share.
Expansion in Latin America
Plus500 is seeking authorization in Chile, underscoring its ambitions in the Latin American region. It has already secured licences in Canada and the UAE. The company's customers recognize the benefits of its technology-enabled, omni-channel offering, and these expansions aim to offer services in multiple asset classes in European markets.
Looking Ahead
With these strategic moves, Plus500 is positioning itself for continued growth and success. The company's focus on clearing memberships and strategic acquisitions is expected to drive its expansion in the futures and options trading markets, particularly in India and the US. As Plus500 continues to grow, it is poised to become a major player in the global trading landscape.
