Plus500 (PLUS) has confirmed that David Zruia has been formally appointed as chief executive, having held the role on an interim basis since 20 April 2020, and having previously served as chief operating officer since 2013.
Confirmation came as the contracts-for-difference (CfD) platform revealed strengthening client numbers and revenues in a half-year trading update through to 30 June.
Derivatives trading thrives during periods of market volatility. The company registered a record number of active customers at the half-year mark, with 115,225 new clients signing up during the second quarter (Q219: 26,234).
The surge in customer numbers fed through to a near fourfold increase in revenue to $564m (£451m), split evenly across both quarters.
The improved figures chime with a recent trading update from online trading platform CMC Markets (CMC), which stated that 2021 net operating income would beat the upper end of market consensus.
