Zruia has been appointed as the permanent CEO, having been the interim CEO since April 2020.
Plus500 announced this Tuesday that it has appointed David Zruia as its permanent Chief Executive Officer (CEO) after having held the role on an interim basis since the 20th of April this year.
As Finance Magnates reported, Zruia was named as interim CEO after Asaf Elimelech, the former CEO of Plus500, handed in his resignation. Zruia was the Chief Operating Officer of the online trading provider, having held the role since 2013. He has been working with the broker since 2010.
In addition to announcing the appointment of Zruia, Plus500 has also provided a trading update for the six months ended on the 30th of June 2020. According to the company’s statement published today, the firm saw continued Volatility during its second quarter.
As a result, the trading provider has seen a consistently high level of customer trading activity. In fact, for the first half of 2020 Plus500 has reported a record number of active customers trading on its platform.
In particular, 198,176 New Customers were onboarded during the first half of this year, as opposed to 47,540 in the first half of 2019, representing a growth of 316.9 per cent. In the second quarter of 2020, 115,225 new customers joined Plus500. This is also stronger by 339.2 per cent from the 26,234 onboarded in Q2 of 2019.
Clients trade smarter on Plus500
Furthermore, Plus500 achieved a record level of half-yearly Customer Income of approximately $556.9 million. This is up by 218.2 per cent from the $175.0 million Customer Income achieved in the first half of last year.
During the period, Plus500 also saw the period-end position of Customer Trading Performance revert to insignificant historical levels, with revenues from customer trading performance contributing about 1 per cent to the total revenues during the period.
Commenting on his appointment and the trading update David Zruia, Chief Executive Officer of Plus500, said in the statement: "Having been part of the Plus500 team for almost 10 years, I am honoured to be given the opportunity to become CEO of the Company. It has been exciting to lead the business on an interim basis over the last few months and I believe that Plus500 is in an extremely strong position, both operationally and financially, to deliver future growth for our shareholders.
"This position is highlighted by our exceptionally strong performance during the first half of 2020. The significant number of New Customers on-boarded is a strong signal of the sophistication and accessibility of our proprietary technology platform. This performance is also a testament to our people, who have been fully committed to ensuring that we have offered our customers a consistent, seamless, high quality service in extremely challenging, and unprecedented, circumstances.
"Given our performance in the first half, we remain very confident about the prospects for the Company."
Plus500 announced this Tuesday that it has appointed David Zruia as its permanent Chief Executive Officer (CEO) after having held the role on an interim basis since the 20th of April this year.
As Finance Magnates reported, Zruia was named as interim CEO after Asaf Elimelech, the former CEO of Plus500, handed in his resignation. Zruia was the Chief Operating Officer of the online trading provider, having held the role since 2013. He has been working with the broker since 2010.
In addition to announcing the appointment of Zruia, Plus500 has also provided a trading update for the six months ended on the 30th of June 2020. According to the company’s statement published today, the firm saw continued Volatility during its second quarter.
As a result, the trading provider has seen a consistently high level of customer trading activity. In fact, for the first half of 2020 Plus500 has reported a record number of active customers trading on its platform.
In particular, 198,176 New Customers were onboarded during the first half of this year, as opposed to 47,540 in the first half of 2019, representing a growth of 316.9 per cent. In the second quarter of 2020, 115,225 new customers joined Plus500. This is also stronger by 339.2 per cent from the 26,234 onboarded in Q2 of 2019.
Clients trade smarter on Plus500
Furthermore, Plus500 achieved a record level of half-yearly Customer Income of approximately $556.9 million. This is up by 218.2 per cent from the $175.0 million Customer Income achieved in the first half of last year.
During the period, Plus500 also saw the period-end position of Customer Trading Performance revert to insignificant historical levels, with revenues from customer trading performance contributing about 1 per cent to the total revenues during the period.
Commenting on his appointment and the trading update David Zruia, Chief Executive Officer of Plus500, said in the statement: "Having been part of the Plus500 team for almost 10 years, I am honoured to be given the opportunity to become CEO of the Company. It has been exciting to lead the business on an interim basis over the last few months and I believe that Plus500 is in an extremely strong position, both operationally and financially, to deliver future growth for our shareholders.
"This position is highlighted by our exceptionally strong performance during the first half of 2020. The significant number of New Customers on-boarded is a strong signal of the sophistication and accessibility of our proprietary technology platform. This performance is also a testament to our people, who have been fully committed to ensuring that we have offered our customers a consistent, seamless, high quality service in extremely challenging, and unprecedented, circumstances.
"Given our performance in the first half, we remain very confident about the prospects for the Company."
Swissquote Promotes 22-Year Veteran to New People Chief Post
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24