Plus500 Appoints Jefferies as Joint Corporate Broker

Plus500 announced it is appointing Jefferies International Limited (“Jefferies”) as a Joint Corporate Broker to the firm, effective immediately. Jefferies will operate alongside with Plus500 existing existing corporate broker, Liberum Capital Limited.

Plus500 Q1 revenue increased year-over-year, which is good news for the broker.

David Zruia, CEO at Plus500 said: “Plus500 has produced excellent results for Q1 2022, continuing our significant operational and financial momentum over recent years, and validating our clear strategic roadmap.

“Our ongoing investments in developing our position as a global multi-asset fintech group will enable future growth. In particular, we continue to make organic investments in technology, marketing and our people, as well as actively targeting additional acquisitions and initiating potential strategic partnerships.”

However, the company’s new clients’ figures are still failing to take off.

In Q1, 33,740 new clients joined the broker compared to 89,406 in Q1 2021. This is a -62% drop. The number of active traders between January and Match dropped to 176,642. A -32% decline against 269,743 clients over the same quarter in 2021.

The broker recently announced a new share buyback program.

Pluss500 EZ Invest Securities Acquisition

In March 2022 Plus500 announced it has acquired EZ Invest Securities. By the  acquisition  the broker gained access to the Asian market. EZ Invest Securities is based in Japan, Tokyo.

EZ Invest Securities is also licensed by the Financial Services Agency (JFSA). In addition, it is also a is also a member of the Japan Securities Dealers Association (JSDA) and the Financial Futures Association of Japan (FFAJ).

The fruits of the acquisition may be seen in future reports throughout 2022.

David Zruia, the CEO of Plus500 said in March 2022: “This acquisition represents an important strategic step for Plus500 as we continue to strengthen our position as a global multi-asset fintech group, by further diversifying our geographic footprint.

“I am excited about the opportunities available in the substantial Japanese  retail trading  market and, given Plus500’s considerable technological expertise and robust financial capability, I am confident that we will be able to maximize this opportunity.”

Plus500 announced it is appointing Jefferies International Limited (“Jefferies”) as a Joint Corporate Broker to the firm, effective immediately. Jefferies will operate alongside with Plus500 existing existing corporate broker, Liberum Capital Limited.

Plus500 Q1 revenue increased year-over-year, which is good news for the broker.

David Zruia, CEO at Plus500 said: “Plus500 has produced excellent results for Q1 2022, continuing our significant operational and financial momentum over recent years, and validating our clear strategic roadmap.

“Our ongoing investments in developing our position as a global multi-asset fintech group will enable future growth. In particular, we continue to make organic investments in technology, marketing and our people, as well as actively targeting additional acquisitions and initiating potential strategic partnerships.”

However, the company’s new clients’ figures are still failing to take off.

In Q1, 33,740 new clients joined the broker compared to 89,406 in Q1 2021. This is a -62% drop. The number of active traders between January and Match dropped to 176,642. A -32% decline against 269,743 clients over the same quarter in 2021.

The broker recently announced a new share buyback program.

Pluss500 EZ Invest Securities Acquisition

In March 2022 Plus500 announced it has acquired EZ Invest Securities. By the  acquisition  the broker gained access to the Asian market. EZ Invest Securities is based in Japan, Tokyo.

EZ Invest Securities is also licensed by the Financial Services Agency (JFSA). In addition, it is also a is also a member of the Japan Securities Dealers Association (JSDA) and the Financial Futures Association of Japan (FFAJ).

The fruits of the acquisition may be seen in future reports throughout 2022.

David Zruia, the CEO of Plus500 said in March 2022: “This acquisition represents an important strategic step for Plus500 as we continue to strengthen our position as a global multi-asset fintech group, by further diversifying our geographic footprint.

“I am excited about the opportunities available in the substantial Japanese  retail trading  market and, given Plus500’s considerable technological expertise and robust financial capability, I am confident that we will be able to maximize this opportunity.”

Source: https://www.financemagnates.com/forex/plus500-appoints-jefferies-as-joint-corporate-broker-to-the-firm/