Plus500 joins Futures Industry Association
Retail Forex broker Plus500 today announced that its US business has joined the Futures Industry Association (FIA) in the US.
The FIA’s membership includes clearing firms, exchanges, clearing houses, trading firms and commodities specialists from more than 48 countries as well as other professionals serving the industry.
Since entering the US market in 2021 with the acquisition of Cunningham Commodities LLC, Plus500 has established a strong and growing position in the futures market in the US.
The futures and options on futures market in the US represents a major multi-year growth opportunity for Plus500 and the Group has already made significant progress in developing its B2B and B2C offerings. Demonstrating the increasingly diversified nature of its model and operational capabilities, the Group is now a leading provider of B2B market infrastructure services for institutional clients in the US futures market, supporting them with brokerage-execution and clearing services, further enhanced by Plus500’s status as a full Clearing Firm Member of the CME Group and the Minneapolis Grain Exchange (MGEX).
In addition, Plus500 recently launched ‘Plus500 Futures’, a new and intuitive trading platform, specifically designed and tailored for retail customers looking to trade US futures. The Group’s successful partnership with the Chicago Bulls continues to increase brand awareness and visibility.
David Zruia, Plus500 Chief Executive Officer, commented:
“We are delighted to have become a member of the FIA, further demonstrating the Group’s continued execution against our strategic roadmap in the US. Our membership of this highly respected, leading global organisation represents another milestone for Plus500 as we harness our differentiated technological capabilities to seize the compelling growth opportunities in the US futures market.”