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2 clusters · 13 sources · 12 days · First seen · Last updated

Plus500 expansion into US markets

Overview

Plus500 has conditionally agreed to acquire Hedge Capital Markets Inc. to facilitate its entry into the SEC-regulated United States market. Hedge Capital Markets is a registered broker-dealer and a member of FINRA and SIPC.

The acquisition is intended to support the planned launch of a Plus500 ‘super-app’ in the first quarter of 2027. Through this integration, the company aims to expand its US product suite to include stocks, options, ETFs, and other exchange-listed securities, supplementing its current CFTC-regulated futures and prediction market services.

The transaction will be funded via existing cash resources and remains subject to regulatory approvals and notice periods. Alongside this strategic move, Plus500 has upgraded its full-year sales and earnings outlook following strong third-quarter performance. For the quarter ending September 30, the company reported an 11% revenue increase to $203.2 million and a 7% rise in underlying earnings to $88.4 million, noting that new customer numbers grew by 27% year-on-year.

Entities

Financial Industry Regulatory Authority · Plus500 · Securities and Exchange Commission · David Zruia · Hedge Capital Markets Inc.

Timeline

  1. [BUSINESS] 6 sources
    Plus500 raises outlook and acquires US broker Hedge Capital Markets

    Plus500 has raised its annual financial outlook following a surge in customers and announced the acquisition of US broker Hedge Capital Markets to expand its access to the US equity and ETF markets.

  2. [BUSINESS] 6 sources
    Plus500 to acquire Hedge Capital Markets for US expansion

    Plus500 has agreed to acquire Hedge Capital Markets, enabling the fintech group to enter the SEC-regulated US securities market and expand its product offerings ahead of a 2027 super-app launch.

Sources

askanews.it · chemanalyst.com · cityam.com · criptovaluta.it · economytoday.sigmalive.com · financemagnates.com · finchannel.com · fxnewsgroup.com · independent.co.uk · newsnreleases.com · proactiveinvestors.co.uk · standard.co.uk · thefintechtimes.com

This summary has been updated 1 time: see revision history