Plus500 Continues First Quarter Momentum into Q2 2020

London-listed broker Plus500 has announced this Tuesday that it continues to see a significantly increased level of customer trading activity in a trading update published through the London Stock Exchange (LSE) news service.

Following on from the company’s previous trading update earlier in the month, Plus500 has continued to see heightened levels of market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term, driven by the coronavirus pandemic, which has resulted in the increased trading activity.

“Performance across all financial and operational KPIs remains very strong, with the Group continuing to attract significant numbers of new customers at an attractive cost, and increased levels of activity from existing customers,” the company said today in the statement.

Furthermore, the Israel based broker said that following the strong performance achieved in the first quarter of 2020, it is seeing continuing momentum in the second quarter, with strong gains from customer trading performance, which is expected to be neutral over time.

“Notwithstanding the uncertainty regarding the duration of current levels of volatility or the unquantified potential impact from regulatory changes in Australia, revenue and profitability for the full year is expected to be substantially ahead of current consensus expectations, as revised following the Q1 trading update on 7 April,” Plus500 said.

Plus500 continues buyback program

This Tuesday the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term provider has also announced via a filing that it has purchased a further 16,280 of its own ordinary shares as part of its buyback program announced back in February.

The volume-weighted average price paid per share was £12.33. Therefore, the company paid around £200,732.4 for the latest round of shares. Overall, the lowest paid price per share was £12.39 and the highest price paid was £12.34.

Since Finance Magnates last reported, Plus500 shares have returned to travelling in an upward direction. As at the time of publishing, the company’s share price is 1,283.50 GBX.