Investing in future growth
We have made excellent progress in delivering against our new vision to evolve as a global multi-asset fintech group, supported in particular by further investment in our market-leading proprietary technology platform as well as continued execution of targeted bolt-on acquisitions.
In 2021, Plus500 acquired Cunningham, a regulated Futures Commission Merchant, and CTS, a technology trading platform provider, in the US. This is a major growth opportunity for Plus500 - instantly expanding our geographic footprint and product offering in the significantly growing, but under-penetrated, US retail trading market in futures and options on futures, with the global addressable market estimated to be a multi-billion dollar opportunity.
We have also launched ‘Plus500 Invest’, our new share dealing platform, across a wide range of financial instruments comprising of the world’s most popular equities and ETFs, listed on major exchanges worldwide. The geographic roll-out of ‘Plus500 Invest’ will continue, providing customers with additional product optionality and broadening our product range and geographic footprint.
With substantial untapped customer demand potentially available outside of our current geographic footprint, we will continue to target new potential markets, through obtaining operating licences in those markets, either organically or via acquisitions. As evidence of this, in February 2022, we obtained a new licence in Estonia to further support our business across Europe in our core product offering. In March 2022, we made our first acquisition in Japan, which also represents our first footprint in this new market and will allow us to offer our services locally. We will continue to make organic investments and to execute additional targeted bolt-on acquisitions, as well as potential strategic partnerships, in the future, to help to consolidate our position as a global multi-asset fintech group.
In 2021, Plus500 acquired Cunningham, a regulated Futures Commission Merchant, and CTS, a technology trading platform provider, in the US. This is a major growth opportunity for Plus500 - instantly expanding our geographic footprint and product offering in the significantly growing, but under-penetrated, US retail trading market in futures and options on futures, with the global addressable market estimated to be a multi-billion dollar opportunity.
We have also launched ‘Plus500 Invest’, our new share dealing platform, across a wide range of financial instruments comprising of the world’s most popular equities and ETFs, listed on major exchanges worldwide. The geographic roll-out of ‘Plus500 Invest’ will continue, providing customers with additional product optionality and broadening our product range and geographic footprint.
With substantial untapped customer demand potentially available outside of our current geographic footprint, we will continue to target new potential markets, through obtaining operating licences in those markets, either organically or via acquisitions. As evidence of this, in February 2022, we obtained a new licence in Estonia to further support our business across Europe in our core product offering. In March 2022, we made our first acquisition in Japan, which also represents our first footprint in this new market and will allow us to offer our services locally. We will continue to make organic investments and to execute additional targeted bolt-on acquisitions, as well as potential strategic partnerships, in the future, to help to consolidate our position as a global multi-asset fintech group.
