Statement on Swiss Franc Movement

RNS Number : 3132C

Plus500 Limited

15 January 2015

 

15 January 2015

Plus500 Ltd

("Plus500" or the "Company")

Statement on Swiss Franc Movement

Plus500 Ltd., a leading online service provider for retail customers to trade CFDs internationally, notes the exceptional movement in the value of the Swiss Franc today and is pleased to confirm to the market that this has had no material impact on the Company's financial and trading position. The Company is experiencing a profitable trading performance today and believes this is testament to the robustness of its risk management policies and processes which effectively managed the Company's exposure to the Swiss Franc. The Company's proprietary risk management system ensures that overall exposures to a single instrument, such as the Swiss Franc, are unlikely to have a material impact on the Company's financial position. The Company wishes to remind investors that its customers are unable to lose more than they deposit with the Company and hence the Company has no credit exposure to its customers.

The Company looks forward to updating the market on its preliminary 2014 financial results on 25 February 2015.

Enquiries

Plus500
Elad Even-Chen, VP Business Development and Head of Investor Relations	[phone] [e-mail]
Liberum Capital
Chris Bowman	[phone]
Luther Pendragon
Harry Chathli, Claire Norbury, Alexis Gore, Nick Corrin	[phone]

About Plus500

Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,100 different underlying global financial instruments comprising equities, ETFs, foreign exchange, indices and commodities. The Company enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Window, smartphones (iOS and Android) and tablets (iOS and Android)) and the internet. The Directors believe that the success of the Company to date has been primarily due to the proprietary technology it has developed and continues to develop to support the trading platform. The trading platform has been designed to be as intuitive and easy to use as possible. The trading platform has been localised into over 31 languages. The Directors believe that this emphasis on technology, together with the Company's targeted online marketing strategy, has helped to differentiate the Company from its competitors.

The Company is listed on AIM, a market operated by the London Stock Exchange plc, under the trading symbol 'PLUS'.

www.plus500.com

 

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