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Plus500 trades 'substantially ahead' of Q4

By Iain Gilbert

Date: Friday 28 Feb 2020

Plus500 trades 'substantially ahead' of Q4

(Sharecast News) - Online services provider Plus500 said on Friday that it had experienced heightened trading volumes across global financial markets recently.
Plus500 reported "a significant increase" in levels of customer trading activity and stated that its financial performance so far in the first quarter was consequently trending "substantially ahead" of the last quarter of 2019.

"It is too early to say what impact this outperformance in the current quarter will have on the outcome for 2020 given heightened levels of volatility in the market may not persist," said Plus500.

The AIM-listed group added that the impact of certain previous Australian regulatory changes was "yet to be quantified".

Plus500 will publish its first-quarter update in April.

As of 0900 GMT, Plus500 shares were up 3.55% at 903.40p.


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