Plus500 and Chicago Bulls Announce New Multi-Year Global Partnership

Plus500’s first US sports sponsorship deal with the iconic Chicago Bulls sees the inter-connectivity of finance and sports, aiming to bring the multi-asset global fintech group to the US

LONDON, October 3, 2022 /PRNewswire/ — Plus500, a global multi-asset fintech group, today announces a major multi-year sponsorship deal to become an Official Global Partner of the Chicago Bulls, the NBA’s iconic professional basketball team and one of the most established sports franchises in the world.

The Plus500 logo will be the first to feature exclusively on the front of the team’s warm-up shooting shirts and jackets, beginning with the Bulls’ first pre-season game at the United Center on October 4, 2022. Plus500 will also gain access to branding rights as the “Official Global Online Trading Partner” of the Chicago Bulls, marking the official formation of a truly unique partnership that sees an inter-connectivity of sports and digital trading platforms.

The two groups have come together as partners to respond to the substantial growth in interest from the investment community in trading platforms over the past few years. Leading with its client-centric approach, Plus500 will provide intuitive and accessible trading products to this audience.

The four-year partnership will include various marketing elements, community initiatives, social media content, events and more to increase brand awareness and build on the fundamental synergies both brands have in common. : innovation, culture and success. He will also highlight Plus500’s ambitions to develop its global footprint by penetrating new markets, and more particularly the Group’s link with the city of Chicago – the heart of the US futures industry and where Plus500’s US operations are located.

Plus500’s global trading platforms, backed by its market-leading proprietary technology, provide clients with access to a range of products, including OTC products, equity trading, futures and options. forward contracts. The sponsorship of the Chicago Bulls coincides with Plus500’s continued expansion and appetite to launch new products for every type of consumer, resulting in a dedicated effort to establish a strong and growing position in the US futures market, which he sees as an important opportunity for a long time. term growth. To support its position in the futures market, Plus500 is now a full clearing member of the CME and the Group is already making progress in expanding its clearing capabilities with other exchanges in the global futures market.

To seize this opportunity, Plus500 is launching a new, intuitive trading platform for futures and futures options, TradeSniper, specifically designed and tailored for retail traders in the United States. Plus500 has also built a strategic position as a market infrastructure provider for institutional clients in the US futures market, supporting them with brokerage-execution and clearing services. This progress is irrefutable proof of Plus500’s confidence in the US market and of the resources committed by the Group to invest in order to successfully execute its vision and strategy.

David Zruia, CEO, commented: “We are very pleased to become the Official Worldwide Partner of the Chicago Bulls, one of the most renowned and successful teams in basketball history. What makes this partnership so potentially valuable is that Plus500 and the Chicago Bulls share a consistent focus on innovation, a culture of high performance and a track record of success. Along with the recent launch of TradeSniper, this partnership will help Plus500 build brand awareness in the United States as we continue to diversify our global product offering and increase our presence in this important and exciting market.

Michael Reinsdorfthe Bulls president commented: “We look forward to beginning our partnership with Plus500 this season. Like the Bulls, Plus500 is taking an innovative approach to connecting with communities around the world, making this partnership a natural fit.”

The partnership with the famed NBA franchise is the first-ever U.S. sponsorship for Plus500, adding the Bulls to an impressive list of major international sports partnerships in key growth markets, including Atalanta BC in ItalyBSC Young Boys in Swissand Legia Warsaw in Polandas well as a previous successful 7-year partnership with Atletico Madrid in Spain.

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About Plus500

Plus500 is a global multi-asset financial technology group operating proprietary technology based trading platforms. Plus500 offers its clients a range of trading products, including OTC (“Over-the-Counter”, i.e. contracts for difference (CFDs)), stock trading, as well as futures and futures options.

The Group retains operating licenses and is regulated in the UK, Australia, Cyprus, Israel, New Zealand, South Africa, Singaporethe Seychelles, United States, Estonia and Japan and through its OTC product portfolio, offers over 2,500 different underlying global financial instruments, including stocks, indices, commodities, options, ETFs, currencies and cryptocurrencies. The Group’s clients can trade its OTC products in more than 50 countries and in 30 languages. Plus500 does not allow clients located in the United States to trade its products OTC.

Plus500 does not use cold calling techniques and does not offer binary options. Plus500 trading platforms can be accessed from multiple operating systems (Windows, iOS and Android) and web browsers. Customer service is and always has been an integral part of Plus500, as such OTC customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for users of the OTC trading platform and sophisticated risk management tools are provided free of charge to manage leveraged exposure and stop losses to help clients protect their profits, while limiting capital losses.

Plus500 shares are listed on the Main Market of the London Stock Exchange (symbol: PLUS) and are part of the FTSE 250 index. www.plus500.com

About the Chicago Bulls

The Chicago Bulls are a global sports and entertainment organization that is part of the National Basketball Association (NBA). A professional basketball team founded in 1966, the Bulls have won six NBA championships (1991, 1992, 1993, 1996, 1997, 1998) and have become an iconic brand with a global fan base, including more than 25 million followers on several social media platforms. . The Bulls are proud to champion inclusivity in the workplace and have a long history of giving back to underserved communities across Chicago. Through Chicago Bulls Charities – the organization’s philanthropic arm – and the team’s community relations department, the Bulls contribute time, materials, resources and financial donations to organizations that align on the four pillars of its community violence prevention strategy: education, health and well-being. , Community investment and access to opportunities for young people.

SOURCEPlus500