Israel based online brokerage group Plus500 (LON:PLUS) has announced a strategic partnership with Wealthsimple, Canada’s leading financial innovator, serving more than 4 million Canadians and holding C$150bn in assets under administration. Plus500’s institutional-grade infrastructure will power US futures access for Canadian retail investors, as its B2B partner ecosystem accelerates.

Under this partnership, Plus500 will provide its institutional-grade clearing, order routing and risk management infrastructure, the same proven technology that underpins its regulated futures operations in the US. The partnership delivers two strategic outcomes for the Group:

• Wealthsimple’s Canadian retail investor base will gain first-ever direct access to US futures contracts, delivered through Plus500’s proprietary futures trading platform.
• The partnership further strengthens a rapidly growing B2B ecosystem, with a strong pipeline of additional opportunities already in progress.

Wealthsimple’s selection of Plus500 as its infrastructure partner reflects the Group’s unique ability to deliver proprietary technology, CFTC-regulated clearing capabilities and proven operational infrastructure as a single integrated solution.

Building on its landmark appointment as clearing partner for CME Group and FanDuel’s event-based contracts platform, its partnership with Topstep, and now Wealthsimple, Plus500 continues to expand its B2B partner ecosystem across futures, the combination that defines what best-in-class infrastructure looks like in the fastest-growing segment of financial markets today.

Plus500 said that further B2B announcements are expected as the Group’s partner ecosystem continues to scale.

About Plus500

Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, including OTC (“Over-the-Counter” products, namely Contracts for Difference (CFDs)), share dealing, as well as futures and options on futures.

The Group retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, the United States, Estonia, Japan, the UAE, the Bahamas, Canada, Colombia and India, and through its OTC product portfolio, offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade its OTC products in more than 60 countries and in 30 languages.