Plus500 (LON: PLUS) has entered the Canadian markets by obtaining a licence from the Canadian Investment Regulatory Organisation (CIRO), the retail broker announced today (Monday). The licence came under the broker’s ongoing expansion efforts in North America.
“This is the latest realisation of our strategy to enter new markets, develop new products, and deepen engagement with our customers,” said David Zruia, Plus500’s CEO.
“This development highlights our strategic focus on broadening our product suite and expanding our market reach, while ensuring the highest standards of compliance and operational excellence.”
The broker highlighted that it will use the local licence to initiate services within the country’s over-the-counter (OTC) market. It aims to further expand its local proposition by offering an omni-channel suite of products.
This article was written by Arnab Shome at www.financemagnates.com.
