28th Feb 2020 09:51
(Alliance News) - Plus500 Ltd said Friday that due to a significant increase in customer trading activity levels, its first quarter performance to date is substantially ahead of the last quarter of 2019.
The contracts-for-difference trading services provider said it is too early to determine how this outperformance will affect 2020 as a whole, as the high levels of market volatility may not continue, as well as the impact of Australian regulatory changes.
In August, Plus500 noted the proposed ban of binary options and contracts for difference trading in Australia.
Plus500 said will continue to publish its trading updates as appropriate, with the first quarter update expected in April.
Shares in Plus500 were up 4.3% at 910.22 pence on Friday, the best performer in the FTSE 250 index.
By Dayo Laniyan; [email protected]
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