Plus500, a leading technology platform for trading Contracts for Difference (“CFDs”) internationally, is pleased to announce that it is establishing a new research & development (R&D) centre in Tel Aviv, Israel.
The new Tel Aviv site is part of Plus500’s previously announced plans to invest approximately $50 million over the next three years to boost its R&D capabilities as it continues to invest in future growth and expansion through innovative solutions for participants in the financial markets.
Alongside this organic investment, Plus500 is also targeting M&A opportunities.
Over the past five years, the financial industry has been disrupted by fintechs utilising innovative technologies to democratise trading, and this R&D centre will further allow Plus500 to provide traders with exciting new capabilities and technologies.
With the rise of internet-based technologies allowing people to trade from anywhere, Plus500 has distinguished itself from its competitors through its user-centric, innovative technology solutions that drive faster market execution while simultaneously enabling its clients to make informed trading decisions.
The planned investments will focus on developing new products and services, in line with Plus500’s commitment to provide clients with continuous high-quality services.
The investment will be aimed at strengthening and scaling Plus500’s unique platform, which has been key to attracting and retaining clients and building its reputation as a provider of cutting-edge technology solutions for trading, risk management, payment management infrastructure and back-office operations, to name a few.
Through its innovative technology platform, Plus500 offers real-time news and analysis to help clients make informed trading decisions.
The Group’s focus on innovation has enabled the company to be the first to launch new products and services in the market, providing proactive trading solutions for its customers.
Why Tel Aviv?
Tel Aviv has long been a hub for technological innovation and favoured among top brokers for its highly educated and technologically skilled workforce. This is coupled with the strong presence of foreign tech firms and refined locally based research centres. With over 6,000 startups and an economy dominated by high-tech innovation, Israel certainly earned its nickname ‘The Startup Nation’. Plus500 will join businesses such as Microsoft, Google, Motorola, Apple, Facebook, Berkshire-Hathaway, Intel, HP, Siemens and Toshiba, who all have a presence in Tel Aviv.