Plus500 Ltd (LON:PLUS), which operates a platform for the trading of contracts for difference (CFDs), said trading this year has remained strong.
Customer income in the first quarter of 2021 is tracking ahead of the previous quarter, the company revealed, but monthly trading results remain volatile.
“Given the company's continued robust performance, and supported by its market-leading proprietary trading platform, its flexible and scalable business model, its robust financial position and consistent track record, the board remains confident about the outlook for Plus500,” the company said in a short statement issued ahead of an extraordinary general meeting today.
Broker Peel Hunt said the news of strong trading “should come as little surprise”, given comments from rival IG Group last week. “With no mention of customer trading performance, which had been offsetting customer income, we assume that it has improved over last month, with the caveat that it is likely to remain volatile.”
Shares in Plus 500 were up 2.6% at 1,358p.