If you are a basketball fan, you may have noticed that Plus500 became the new sponsor of the Chicago Bulls.
The broker lands in the North American market with this impressive association. In this article, we tell you who they are.
What is Plus500?
Plus500 is a group that operates trading platforms based on proprietary technology.
Plus500 offers its clients a range of trading products, particularly Contracts for Difference (also known as “CFDs”, a variety of financial derivatives). Also, in the United States, Plus500US offers futures trading.
Plus500 is listed on the London Stock Exchange (under the symbol: 'PLUS') and is part of the FTSE 250 index, i.e. it is one of the largest firms in the UK in terms of market capitalisation.
Key milestones of Plus500
2008: The original Plus500 Group is founded, launching its first PC-based online trading platform.
2010: Plus500 expands abroad, as subsidiary Plus500UK begins operations in London, England.
2011: Plus500 becomes the highest-rated CFD trading app on Apple's App Store.
2012: Plus500AU subsidiary begins operations in Sydney, Australia.
2013: Plus500 Ltd goes public on the London Stock Exchange.
2014: Plus500 enters the European market as Plus500CY subsidiary begins operations in Limassol, Cyprus.
2015: Plus500IL subsidiary begins operations in Tel Aviv, Israel. Also, it signs a sponsorship deal with the Spanish football club Atlético de Madrid.
2016: Plus500BOS subsidiary begins operations in Sofia, Bulgaria and also enters the New Zealand market.
2017: Plus500SG subsidiary begins operations in Singapore and also enters the South African market. By this year, their customer base reached 10 million.
2018: Plus500 Ltd’s ordinary shares move to the London Stock Exchange’s Main Market for Listed Companies, joining the UK FTSE 250 index.
2020: Plus500SEY begins operations in Victoria, Seychelles.
2021: Plus500 completes its first acquisition deal of CTS and Cunningham Commodities and enters the American market. The customer base reaches 20 million.
2022: Plus500 expands to the Japanese market and begins Futures Trading operations in the U.S. with TradeSniper, fueling their US presence with the sponsorship deal with the Chicago Bulls.
On the Chicago Bulls-Plus500 Sponsorship
Regarding the association, Michael Reinsdorf, president of the Chicago Bulls mentioned:
"We look forward to beginning our partnership with Plus500 this season. Like the Bulls, Plus500 takes an innovative approach to connecting with communities around the world, making this partnership a natural fit."
David Zruia, CEO of Plus500 commented:
"We are very excited to become the official global partner of the Chicago Bulls, one of the most renowned and successful teams in basketball history. What makes this partnership so potentially valuable is that Plus500 and the Chicago Bulls share a consistent focus on innovation, a high-performance culture and a track record of success. With the recent launch of TradeSniper, this partnership will help Plus500 drive brand awareness in the US as we continue to diversify our global product offering and grow our presence in this significant and exciting market.”
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