Alon Gonen keeps buying Plus500 shares

Maria Nikolova

Plus500’s co-founder purchased 304,473 shares on March 20, 2020, and 250,000 shares on March 24, 2020.

The active buying of shares in online trading company Plus500 Ltd (LON:PLUS) by one of its co-founders – Alon Gonen, continues. Earlier today, the broker filed a report with the London Stock Exchange, announcing the latest set of transactions conducted by Mr Gonen, through Sparta 24 Ltd.

On March 20, 2020, Mr Gonen bought a total of 304,473 shares in Plus500. Of these, 274,666 shares were acquired at an average price of 814.925p per share, whereas 29,807 shares were acquired at an average price of 819.528p per share.

On March 24, 2020, Mr Gonen bought 250,000 shares in the broker at an average price of 859.037p per share.

Last week, Mr Gonen bought 1.1 million shares in the broker.

The most recent trading update by Plus500 said the brokerage continues to see a significantly increased level of customer trading activity alongside strong momentum across all financial and operational KPIs. The company has registered strong revenue from Customer Income due to the heightened levels of market volatility. Plus500 said it also experienced gains from Customer Trading Performance which is expected to be neutral over time.

Plus500 forecasts revenue and profitability for the full year to be substantially ahead of current consensus expectations.

Read this next

Executive Moves

Avelacom appoints Timothy Wong to run new Hong Kong office toward APAC expansion

Avelacom helps to achieve sub-millisecond speed of market data and order execution across both derivatives exchanges and crypto markets.

Executive Moves

XS.com hires Ahmed Negm, a popular market analyst on CNBC, Sky News, Bloomberg’s Asharq

“Ahmed’s expertise and passion for understanding the intricacies of the financial markets will be invaluable as we continue to grow our client base and expand into new jurisdictions.”

Institutional FX

ATFX uses blockchain to help clients verify IBs and vice versa

ATFX said it has been working on the IB verification project for a few months.

Industry News

Research market in dire straits as SEC’s ‘no-action’ letter on MiFID II lapses in June – survey

“Of all the regulatory news that has hit the research market in the last few months, this is the one change that will fundamentally impact what fund managers can access and pay for in future.”

Executive Moves

Wombat appoints ex-abrdn Richard Charnock as UK platform turns to Europe

Launched in 2019, Wombat provides a dedicated mobile investing platform – available on both iOS and Android – offering users both range and choice.

Institutional FX

Broadridge integrates Point Focal’s pre and post-market reports

“Point Focal provides a unique lens on the market which will help add alpha to the trading process and these new insights will rapidly improve performance while mitigating execution risk and simplify trading.”

Technology

XCritical integrates with Brokeree Solutions, allowing its clients to launch copy trading 

The forex software provider – XCritical, has integrated Social Trading by Brokeree Solutions into their CRM system.

Industry News

HKEX partners with Saudi exchange for cross listings, ESG, Fintech

“The Kingdom of Saudi Arabia, and the broader Middle Eastern region, are one of the world’s most dynamic and exciting economic and innovation hubs and also home to some of the fastest growing investor groups in the world. Hong Kong and HKEX’s markets offer significant opportunities for international investors and corporates, including unrivalled connectivity to the Mainland Chinese markets through our unique Connect programmes. This agreement signals the beginning of even greater collaboration between our companies and our home markets, and we look forward to exploring many future areas of cooperation.”

Executive Moves

CMC Markets Connect relocates APAC team led by Peter Foster to Singapore

“Singapore is a vibrant city and is now undoubtedly seen as Asia’s leading financial hub. The decision to bolster the CMC Markets Connect team here will help us cement the company’s position as a leading provider of multi asset liquidity and comprehensive trading solutions across the region.”

<