Plus500 targets LATAM institutional business with Nelogica tech partnership
Plus500’s proprietary clearing, execution and post-trade infrastructure will connect with Nelogica’s BlackArrow trading technology.
Plus500’s proprietary clearing, execution and post-trade infrastructure will connect with Nelogica’s BlackArrow trading technology.
Plus500 shares, at GBP 32.16, are now 42% below their 52 week high of GBP 55.35, set in early July.
BIFCI was established earlier this year by Pepperstone, Capital.com, and Trade Nation, with IC joining earlier this month.
Since issuing its First Half 2026 Trading Update on July 13, Plus500 (LON:PLUS) shares have declined by 24%.
Plus500 will provide its institutional-grade clearing, order routing and risk management infrastructure to Wealthsimple.
Plus500 saw a 9% revenue drop in Q2 ($220 million) from Q1 levels ($243 million), which seems to have worried investors.
Plus500: The positive momentum continued throughout Q1 2026, with performance ahead of market expectations.
Forex and CFD broker Plus500 Ltd (LON:PLUS) today provided a trading update for the three-month period ended 31 March 2026.
Amy Meyer-O’Brien, who is based in London, joins Plus500 after working for the past 14 years at futures broker R.J. O’Brien.
Plus500 shares are up a healthy 29% so far in 2026, and recently hit an all-time high of £49.74.