Plus500 named clearing partner for CME-FanDuel platform

(Sharecast News) - Fintech firm Plus500 said on Monday that it had been appointed clearing partner for CME Group and FanDuel's new event‑based contracts platform. Plus 500 will provide brokerage execution and clearing services for FanDuel Prediction Markets, a non‑clearing Futures Commission Merchant and joint venture between CME and FanDuel, part of Flutter Entertainment.

The FTSE 250-listed firm said the arrangement would allow it to leverage its institutional‑grade infrastructure to deliver secure and scalable access for clients. It also said its proprietary technology, regulatory expertise and institutional‑grade systems positioned it well to support future products and trading markets worldwide, enabling scalable access for institutional and platform‑based clients as demand for event‑based instruments grows.

Chief executive David Zruia said: "Being chosen to clear for this groundbreaking initiative is a historic milestone for Plus500. It reflects our capabilities as an accredited, trusted market infrastructure provider, built on proprietary technology, regulatory expertise, and a focus on institutional collaboration.

"It also demonstrates the superiority of our operational processes and status as a global multi-asset fintech group on the international stage. We are proud to work with the CME and FanDuel to broaden global market access for millions of new customers."





Reporting by Iain Gilbert at Sharecast.com