Asaf Elimelech, chief executive of Plus500, has highlighted the impact of ongoing ‘volatile market conditions’ as one of the main reasons behind record revenue figures in the three months to March 31, 2016.
Plus500 has cited the impact of new customers, as well as the number of active customers accessing its services, as the main reasons behind a year-on-year jump in revenue during the 12 months through to December 31, 2015.
The UK Financial Conduct Authority (FCA) regulatory body has warned spread betting companies that they must comply with its rules after a survey revealed poor practices that risk leaving customers unfairly treated.
Charles Henri Sabet, chief executive of London Capital Group (LCG), has said he is optimistic about the firm achieving growth in the coming financial year, despite having suffered a number of setbacks in the 12 months through to December 31.
Playtech has said it remains confident that its proposed acquisition of Plus500 will go ahead before the end of the year, with the firm expecting a decision on its application to the Financial Conduct Authority (FCA) to be made next month.
Plus500 has revealed a year-on-year jump in revenue in the six months through to June 30, despite the online trading company having been temporarily suspended from operating in the regulated UK market during the period.