July 2, 2018 / 6:24 AM / 5 months ago

Online trading firm Plus500 says it raised full-year expectations

July 2 (Reuters) - Online trading platform Plus500 Ltd said on Monday it has materially increased its full-year financial performance expectations, after geopolitical events including U.S. import tariffs resulted in higher levels of market volatility in the second quarter.

“Despite more normal trading conditions, we continue to benefit from new customers acquired over recent periods trading a wide range of instruments,” CEO Asaf Elimelech said in a statement.

The Israel-based company had raised its 2018 expectations in June, saying it benefited from volatility in the markets and high levels of trading in its cryptocurrency offering. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Amrutha Gayathri)

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