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Plus500 to Acquire Hedge Capital Markets in Push to Launch US Super-App

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PLUSGBX 3,435.91 3.37%

Plus500 Ltd. (LSE:PLUS) has conditionally agreed to acquire US broker-dealer Hedge Capital Markets to support the launch of an all-in-one financial trading application in the United States. The transaction, funded completely from existing cash reserves, marks the firm's first step into SEC-regulated securities such as stocks and exchange-traded funds.

The acquisition provides the necessary licenses, technology, and US team to combine multiple asset classes into one platform. Currently, retail investors in the United States must use several accounts and platforms to trade different products. By bringing Hedge Capital Markets into a new office hub in New York, the company plans to consolidate futures, prediction markets, equities, options, and ETFs into a single user interface powered by its own technology.

Completion of the purchase remains subject to customary closing steps, including approval from the Financial Industry Regulatory Authority under Rule 1017. If approved, the platform is targeted to launch in the first quarter of 2027, with potential plans to expand the single-app model to additional geographic regions in the future.

Key points

  • Plus500 Ltd. (LSE:PLUS) agreed to acquire Hedge Capital Markets using cash from its existing reserves.
  • The deal grants the firm direct entry into the SEC-regulated US securities market for stocks and ETFs.
  • Hedge personnel will move to a newly established office hub in New York to work alongside Chicago operations.
  • The unified super-app is scheduled to launch in the first quarter of 2027 following regulatory approvals.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is Plus500 acquiring Hedge Capital Markets for?

Plus500 is acquiring Hedge Capital Markets to obtain an SEC-regulated broker-dealer license, allowing it to offer US retail investors direct access to stocks, ETFs, and options within a single trading platform.

When will the Plus500 US super-app launch?

The company plans to launch the unified US trading platform in the first quarter of 2027, subject to customary closing conditions and FINRA regulatory approval.

How is Plus500 paying for the Hedge Capital Markets acquisition?

Plus500 is funding the purchase entirely through its existing cash reserves.