Plus500’s co-founder Omer Elazari buys 70,000 shares in broker

Maria Nikolova

Omer Elazari purchased 70,000 ordinary shares in the brokerage at an average price of £9.427 per share.

Co-founders of Plus500 Ltd (LON:PLUS) continue to purchase shares in the online trading company, with Omer Elazari the latest to engage in such a transaction.

Plus500 today announced that, on March 6, 2020, Omer Elazari purchased 70,000 ordinary shares (of NIS 0.01 par value) in the company. The average price per share was £9.427.

Elazari’s transactions in Plus500 shares on March 6, 2020. Image credit: Plus500.

Last week, Plus500 said Elad Ben Izhak acquired 53,000 shares in Plus500 at a price of £9.499 per share. The transaction was carried out on March 3, 2020.

Alon Gonen – also a co-founder of Plus500, acquired shares of NIS 0.01 each in the company on March 2, 2020 through Sparta 24 Ltd. He purchased a total of 445,064 shares at an average price of £9.38 per share.

The brokerage has recently struck an upbeat note about its performance. In a trading update issued on February 28, 2020, Plus500 reported a significant increase in levels of customer trading activity. The Group’s financial performance during the first quarter to date is consequently trending substantially ahead of the last quarter of 2019, Plus500 said.

Read this next

Inside View

Broadridge report finds 27% of firms’ overall IT budget goes to digital transformation

“A new chapter in digital transformation is emerging. In our work with clients across the financial services industry we see leading firms are already reaping the benefits from digitalization and the use of technologies such as AI and blockchain/DLT, as they adapt to economic headwinds and new competitive dynamics”

Executive Moves

Ripple announces Monica Long as President

“I’m incredibly honored to take on the role of President at Ripple as we expand deeper into crypto-enabled services like liquidity, settlement and custody.”

Executive Moves

Arabesque AI appoints Carolina Minio Paluello as CEO

“Arabesque AI is uniquely positioned to service the asset management industry’s need to meet the growing market demand for hyper customised portfolios.”

Industry News

SEC Commissioner Mark T. Uyeda says standardized ESG measures are doomed to fail

“Because ESG ratings may be divorced from matters of financial materiality, they can reflect a particular political or social agenda.”

Industry News

Worldline launches digital payments suite in India

“Our low-cost innovative offering SoftPOS will empower SMBs in a big way to accept digital payments affordably.”

Technology

cTrader Web 4.5 Presents Guest Mode, Multiple Charting and Copy Improvements

Spotware has announced the release of its cTrader Web version 4.5, which comes with a whole range of features and improvements for all cTrader users.

Technology

SteelEye suggests integrated surveillance as Morgan Stanley fines employees over WhatsApp

“The use of integrated surveillance means firms can avoid unwanted regulatory attention by enabling them to self-report and self-remedy more efficiently when malpractice is flagged.”

Industry News

ASIC bans Gregory William Finerty for unlicensed FX algo trading bot

Bradford AI leased an algorithmic trading program known as ‘Robot 1’ to trade on the FX market, using an Australia-based over the counter contracts for difference (CFD) broker.

Opinion

With the recent changes to St Vincent licensing, what will the future trends be for licensing in 2023?

New St. Vincent and the Grenadines regulations came as somewhat of a shock for those brokerages that are only regulated in SVG

<