Online trading company Plus500 Ltd (LON:PLUS) announced today that the Group has secured a new clearing membership with ICE Clear Europe, part of the Intercontinental Exchange Group (ICE).

This clearing membership enables the Group to strategically expand its futures business to new territories and customers, further scaling its clearing services to cover a broader range of futures products across multiple asset classes, offering customers a more seamless trading experience.

With the new ICE Clear Europe membership, the Group is now able to provide its increasingly global customer base with regulated access to European futures markets, including energy and carbon derivatives such as power, gas, and carbon futures and options.

Building on the Group’s existing clearing membership with ICE Clear US, obtained earlier this year, this additional clearing membership further enhances Plus500’s infrastructure, optimises cost efficiencies and unlocks opportunities to cater to a wider, more diversified B2B customer base through an enhanced clearing offering.

In recent years, the Group has secured valuable clearing memberships with some of the largest clearing houses globally, including ICE, CME Group exchanges, Eurex and MGEX. Together, these memberships produce a global, holistic clearing offering for both current and potential customers, enhancing the Group’s ability to expand its services and reach an increasingly global client base.

David Zruia, Chief Executive Officer of Plus500, commented:

“We are extremely pleased to secure our membership of ICE Clear Europe, which complements our existing ICE Clear US membership. As we continue to evolve into a provider of global market infrastructure, clearing memberships remain a key pillar of Plus500’s growth strategy for our global futures business, and this new membership will further expand our clearing capabilities across multiple asset classes in European markets. It enhances our already established position in the futures market and we are rapidly gaining market share as customers – both institutional and retail – recognise the benefits of Plus500’s technology-enabled, omni-channel offering, underpinned by our holistic clearing capabilities.”