Plus500 Ltd. said Tuesday it agreed to buy Hedge Capital Markets as it pushes further into the US. The UK-based platform didn't share the purchase price, and said it plans to pay in cash.
The acquisition is intended to widen what Plus500 can offer retail traders. The company said the tie-up will help add access to products such as individual stocks, options, exchange-traded funds and prediction markets.
Brokerage acquisitions are bets on where trading volume goes next. Market Briefs covers these deals free every morning.
Plus500 aims to debut a new app for trading across multiple asset classes in Q1 of next year, including the new US-focused products. The launch will start in the US and expand to other countries over time. To support the build-out, the firm has opened a New York office alongside its existing presence in Chicago.
Established in 2021, Hedge holds registration with the US Securities and Exchange Commission as a broker-dealer. Plus500 shares are off about 8% year-to-date. Over the past few months, UK-listed trading platforms have mostly trended down following IG Group Holdings Plc's surprise decline in third-quarter revenue, though Plus500 said it performed "strongly" over the same period. For your wallet, the takeaway is simple: if Plus500 lands the added products and the new app on schedule, it could mean more ways to trade in one place, starting with US markets.
Consolidation in retail trading reshapes spreads and product access. Get the free Market Briefs daily newsletter and follow it.
