Press release content from Business Wire. The AP news staff was not involved in its creation.
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