Plus500 gets commodity broker's licence in Singapore

AIM-listed contracts-for-difference provider Plus500 said on Friday that its subsidiary in Singapore has been granted a commodity broker's licence by International Enterprise Singapore.

The license, which is effective immediately and valid for a year, will supplement the Capital Markets Services Licence granted to Plus500SG by the Monetary Authority of Singapore in December, allowing the business to offer its customers a more diversified range of financial instruments.

Chief executive Asaf Elimelech said: "The addition of this licence demonstrates the positive momentum we are achieving in growth globally, following the announcement of the new licence granted in South Africa earlier this week."

At 1015 GMT, the shares were up 0.9% to 1,093p.