Business
Plus500 joins the Futures Industry Association
Plus500 joins the Futures Industry Association.
About this update from Plus500 Ltd.
[{"type":"text","content":"\n\n4 December 2023 \n \nPlus500 Ltd.\n(\"Plus500\", the \"Company\", or together with its subsidiaries the \"Group\")\nPlus500 becomes member of Futures Industry Association (FIA) as US business expands\nPlus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, is pleased to announce that its US business has joined the Futures Industry Association (FIA) in the US, becoming a primary member of the world's leading global trade organisation for the futures options and centrally cleared derivatives markets.\nThe FIA's membership includes clearing firms, exchanges, clearing houses, trading firms and commodities specialists from more than 48 countries as well as other professionals serving the industry.\nSince entering the US market in 2021 with the acquisition of Cunningham Commodities LLC, Plus500 has established a strong and growing position in the futures market in the US, supported by the Group's best-in-class technology and its robust financial position.\nThe futures and options on futures market in the US represents a major multi-year growth opportunity for Plus500 and the Group has already made significant progress in developing its B2B and B2C offerings. Demonstrating the increasingly diversified nature of its model and operational capabilities, the Group is now a leading provider of B2B market infrastructure services for institutional clients in the US futures market, supporting them with brokerage-execution and clearing services, further enhanced by Plus500's status as a full Clearing Firm Member of the CME Group and the Minneapolis Grain Exchange (MGEX).\nIn addition, Plus500 recently launched 'Plus500 Futures', a new and intuitive trading platform, specifically designed and tailored for retail customers looking to trade US futures. The Group's successful partnership with the Chicago Bulls, the iconic NBA team, continues to increase br...