Plus500 joins the Futures Industry Association (FIA) to strengthen its position in the US derivatives markets.
Forex broker Plus500 has become a member of FIA, which is an association established in 1955 to promote the interests of the futures, options, and derivatives markets in the US. FIA includes different types of members which are futures commission merchants, principal traders, clearing firms, exchange, and trading firms.
Joining FIA marks a crucial step for this multi-asset broker, allowing it to associate itself with key market participants within the futures and derivatives arena.
You see this Plus 500 news as an important milestone towards achieving its objectives in America, according to David Zruia, the CEO of Plus500. As a technology, Zruia highlighted this leading retail broker is well aware of the opportunities it has in the US futures market.
This Israel-based broker was listed on the London Stock Exchange, whose exposure to the US market was caused by big-time advertisements like its contract with the Chicago Bulls. Moreover, this company's name is still linked to Atlético de Madrid, which ended another sponsorship deal before.
After buying an American company, Cunningham Commodities, it aimed at the leading positions in the U.S. futures market which represents a priority territory for its development. In the USA, this enterprise growth strategy is directed towards offering business market infrastructure services to institutional clients via the partnership of B2B and B2C markets.