Plus500 Limited BaFin Update (3950R)
December 09 2016 - 2:00AM
UK Regulatory
TIDMPLUS
RNS Number : 3950R
Plus500 Limited
09 December 2016
09 December 2016
Plus500 Ltd.
("Plus500" or "the Company")
BaFin Update
Plus500, a leading online service provider for retail customers
to trade CFDs internationally, notes the announcement by BaFin, the
German Federal Financial Supervisory Authority, made yesterday
regarding 'additional payment obligations' for CFDs traded by
retail clients.
Plus500 welcomes the announcement made by BaFin as all accounts
offered by the Company have always had balance protection, meaning
the client cannot lose more than the value of their account. The
Company therefore believes that any limitations imposed by BaFin in
this respect will have no effect on its business.
Enquiries
Plus500
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Elad Even-Chen, Chief Financial +972 4 8189503
Officer ir@Plus500.com
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Liberum - Nomad and Broker
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Clayton Bush, Neil Elliot,
Josh Hughes +44 20 3100 2222
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Berenberg (Joint Broker)
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Chris Bowman, Amritha Murali,
Marie Stolberg +44 20 3207 7800
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MHP Communications
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Reg Hoare, Tim Rowntree, Kelsey
Traynor +44 20 3128 8100
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About Plus500
Plus500 has developed and operates an online trading platform
for retail customers to trade CFDs internationally over more than
2,200 different underlying global financial instruments comprising
equities, ETFs, foreign exchange, indices, commodities and options.
The Company enables retail customers to trade CFDs in more than 50
countries. The trading platform is accessible from multiple
operating systems (Windows, smartphones (iOS, Android and Windows
Phone) and tablets (iOS, Android and Surface)) 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 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.
www.plus500.com
This information is provided by RNS
The company news service from the London Stock Exchange
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December 09, 2016 02:00 ET (07:00 GMT)