· 2024’s ‘year of elections’, with
half of the world’s population going to the polls, expected to create
opportunities for traders
· Analysis of Plus500 OTC data from
previous elections shows that indices and forex pairs are likely to be in focus
With 2024 being described as ‘the year of elections’
as half of the world’s voters go to the polls, experts from the global
multi-asset fintech group Plus500
have pored through trading data from recent elections to understand how traders
might behave around this year’s high stakes political elections.
With a presence across more than 60 countries and over
25 million customers registered on the Group’s platforms, Plus500 can analyse
the historic trading patterns of its customers and its analysis has found that
trading volumes pick up materially on the day of and immediately after major
elections.
The data shows that:
·In
2016, the day with the highest trading volumes across Plus500’s global customer
base was 9th November, when it was confirmed that Donald Trump had
emerged victorious as president of the USA. Plus500 saw an increase of 330% in trading levels from the
previous day, with the Germany
Dax 40 index, and Gold
being the most traded instruments.
·Also in 2016, on 24th
June, after the UK’s referendum to leave the EU, the Germany Dax 40 index was
also the most traded instrument. The EUR/USD pair was the second most in demand
instrument.
·In 2019, 12th
December, the day Boris
Johnson was elected as Prime Minister of the United Kingdom, saw the highest trading volume on GBP/USD among Plus500’s UK clients across the whole
year.
·In 2020, 4th November, the day after Joe Biden
was elected as president of the USA, the most traded instrument was the
Nasdaq 100.*
*Above data based on Plus500 OTC trading platform.
David Zruia, Chief Executive Officer of Plus500,
commented: “In 2024, voters will head to the polls across at least
64 countries. As we have seen in previous years, when high stakes set piece
political events take place, trading activity picks up materially and we see
big spikes across the markets.
Our team investigated the data from previous elections
to understand the behaviour of our customers around these highly anticipated
events in the political calendar, as part of our ongoing commitment to develop
a deeper understanding of our customers, to be able to provide them with access
to the best platform and products, and it was interesting to note how traders
tend to flock to commodities, indices and FX during these election periods.
As we go into the upcoming series of elections
globally, we are confident that we have the right tech enabled platform and a
diverse enough range of products to provide our customers with the best trading
experience, as they look to take advantage of opportunities that may arise
especially where unexpected results emerge.”
About
Plus500
Plus500 is a
global multi-asset fintech group operating proprietary technology-based trading
platforms. Plus500 offers customers a range of trading products, including OTC
(“Over-the-Counter” products, namely Contracts for Difference (CFDs)), share
dealing, as well as futures and options on futures.
The Group
retains operating licences and is regulated in the United Kingdom, Australia,
Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, the
United States, Estonia, Japan, the UAE and the Bahamas and through its OTC
product portfolio, offers more than 2,500 different underlying global financial
instruments, comprising equities, indices, commodities, options, ETFs, foreign
exchange and cryptocurrencies. Customers of the Group can trade its OTC
products in more than 60 countries and in 30 languages.
Plus500’s
trading platforms are accessible from multiple operating systems (iOS, Android
and Windows) and web browsers. Customer care is, and has always been, integral
to Plus500. As such, OTC customers cannot be subject to negative balances. A
free demo account is available on an unlimited basis for OTC trading platform
users and sophisticated risk management tools are provided free of charge to
manage leveraged exposure, and stop losses to help customers protect profits,
while limiting capital losses.
Plus500
shares have a premium listing on the Main Market of the London Stock Exchange
(symbol: PLUS) and are a constituent of the FTSE 250 index. www.plus500.com.
The information contained within this
announcement is deemed by the Company to constitute inside information as
stipulated under the Market Abuse Regulation (“MAR”). Upon the
publication of this announcement via Regulatory Information Service
(“RIS”), this inside information is now considered to be in the
public domain.