Launch of '+Insights' on Plus500's OTC platform

RNS Number : 4530F

Plus500 Limited

07 November 2022

 

7 November 2022 

Plus500 Ltd.

("Plus500", the "Company" or together with its subsidiaries the "Group")

Launch of '+Insights' on Plus500's OTC platform

Latest product innovation ensures further enhancement of Plus500's best-in-class customer experience

Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today announces the launch of '+Insights', a new big-data, analytical tool designed to provide customers with access to real-time and historical trends, based on the Group's base of over 23 million registered customers. Plus500's '+Insights' is now available on the Group's OTC[1] trading platform as a complementary service for customers across its web app, iOS and Android offerings.

The launch of '+Insights' is the latest innovation in Plus500's long track record of product development and technological advancement. The Group's continued investment in its ESG framework is evidenced by the offering of Plus500's '+Insights', given it was developed by the Company on the basis of customer feedback. This new tool therefore demonstrates Plus500's on-going focus on customer care and delivering on customer requirements, to ensure that a best-in-class experience is maintained for customers.

As a result of the Group's substantial market position and high levels of volumes on its trading platforms , Plus500 utilises its unique proprietary data to generate dedicated tools and content to empower its customers.

By using aggregated and anonymous big-data, which is fundamentally based on key real-time and historic trends across the trading community, customers can view never-before-seen key data points and information, to help them in their daily trading activities subject to their own independent discretion. This information is uniquely segmented by the selected core measurement and customisable filters to provide a unique, tailored experience for customers. Such information includes "Top 10" lists of instruments which are "Most Followed and Most Viewed", "Most Traded, Bought and Sold" and which produced the "Highest Profit / Loss from a Position".

David Zruia, Chief Executive Officer, commented:

"We are very excited about the launch of '+Insights', which is the latest realisation of our strategy for Plus500 to further develop our position as a global multi-asset fintech group, offering our international customer base a diverse range of products and ensuring we continue to provide them with a best-in-class trading experience.

"'+Insights' is significant technological achievement by Plus500, driven by our technology teams, who have developed a powerful engine which can analyse millions of data points in real-time and aggregate them to help empower customers in their trading decisions. '+Insights' will revolutionise our customers' approach to trading, by enabling them to make more informed decisions."

For further details

Plus500 Ltd.
Elad Even-Chen, Chief Financial Officer   Rob Gurner, Head of Investor Relations	[phone] [phone] [e-mail]
Brunswick
Charles Pretzlik, Partner   Paul Durman, Partner	[phone] [e-mail]

About Plus500

Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, including OTC ("Over-the-Counter" products, namely Contracts for Difference (CFDs)), share dealing, as well as futures and options on futures.

The Group retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, the United States, Estonia and Japan and through its OTC product portfolio, offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade its OTC products in more than 50 countries and in 30 languages. Plus500 does not permit customers located in the US to trade its OTC products.

Plus500 does not utilise cold calling techniques and does not offer binary options. Plus500's trading platforms are accessible from multiple operating systems (Windows, iOS and Android) and web browsers. Customer care is and has always been integral to Plus500, as such, OTC customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for OTC trading platform users and sophisticated risk management tools are provided free of charge to manage leveraged exposure, and stop losses to help customers protect profits, while limiting capital losses.

Plus500 shares have a premium listing on the Main Market of the London Stock Exchange (symbol: PLUS) and are a constituent of the FTSE 250 index. www.plus500.com .

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation ("MAR"). Upon the publication of this announcement via Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain. 

Forward looking statements

This announcement contains statements that are or may be forward-looking statements. All statements other than statements of historical facts included in this announcement may be forward-looking statements, including statements that relate to the Group's future prospects, developments and strategies. The Company does not accept any responsibility for the accuracy or completeness of any information reported by the press or other media, nor the fairness or appropriateness of any forecasts, views or opinions express by the press or other media regarding the Group. The Company makes no representation as to the appropriateness, accuracy, completeness or reliability of any such information or publication.

 Forward-looking statements are identified by their use of terms and phrases such as "believe", "targets", "expects", "aim", "anticipate", "project", "would", "could", "envisage", "estimate", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions. The forward-looking statements in this announcement are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from those expressed or implied by such forward looking statements include, but are not limited to, those described in the Risk Management Framework section of the Company's most recent Annual Report. These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of the Group and the environment in which it is and will operate in the future. All subsequent oral or written forward-looking statements attributed to the Company or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. Each forward-looking statement speaks only as at the date of this announcement. Except as required by law, regulatory requirement, the Listing Rules and the Disclosure Guidance and Transparency Rules, neither the Company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

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[1] OTC - "Over-the-Counter" products, namely Contracts for Difference (CFDs)

 

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