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Plus500 Ltd. (“Plus500”, “the Company” or together with its subsidiaries “the Group”) Acquisition
April 21, 2021 GMT
LONDON (BUSINESS WIRE) Apr 21, 2021
Plus500, a leading technology platform for trading Contracts for Difference (“CFDs”) internationally, today announces that it has conditionally agreed to acquire all of the membership interests of Cunningham Commodities LLC. (“Cunningham”), a regulated Futures Commission Merchant (“FCM”), and Cunningham Trading Systems LLC. (“CTS”), a technology trading platform provider, operating in the futures and options on futures market in the US (together “the Acquisition”).
Compelling strategic rationale