Plus500 Signs Multi-Year, Multi-Million Transaction Contract with Thru
Thru delivers instant secure file transfer scalability for leading CFD trading platform’s explosive growth
Las Colinas, TX, May 9, 2018 – Thru, Inc., today announced that Plus500, the cutting edge leading provider of Contracts for Difference (CFDs) trading platform, has entered into a 3-year, multi-million file transaction contract with Thru, Inc. Thru’s File Exchange and Collaboration Platform won the contract after completing a successful pilot to production roll out. Thru’s unique cloud-native Managed File Transfer as a Service met the fast growing Plus500 Trading Platform’s demanding integration requirements, instant scaling, security and SLA. Plus500’s exponential growth and its total commitment to regulatory adherence, such as secure settlement statement distribution and the secure viewing of sensitive customer data, meant going out of house to keep pace.
Plus500 Chief Operating Officer, David Zruia, stated, “Plus500 has an active customer base of over 317 thousand with 37 million positions opened and nearly $1.3 trillion trade value in 2017 globally. We rely on the security, reliability, speed and traceability that Thru provides to ensure our file exchange processes perform beyond the expectations of our internal stakeholders, a network of the world’s largest international banks and exchanges, and most importantly, our customers. Thru continues to deliver the world-class technology and service that our rapid growth requires and helps keep us one step ahead of our explosive growth.”
Al Carvalho, Vice President, Global Sales for Thru, added, “We are proud that Plus500 has entrusted Thru to support the critical file exchange processes for their rapidly growing, global network of customers and partners. Our cloud-native platform enables Plus500 to focus on their business rather than the challenges related to secure, scalable, global file exchange between constantly changing stakeholders. Thru and Plus500 – perfectly matched partners – help each other by focusing on what we each do best.”
Plus500 is an international financial firm providing online trading services in Contracts for Difference (CFDs), across more than 2,000 securities and multiple asset classes. The company is headquartered in Israel and has subsidiaries in UK, Cyprus, Australia, Singapore and Bulgaria. For more information, visit www.plus500.com.
Thru’s platform, with its expansive integration capability and global presence, unshackles the limits on the most challenging Managed File Transfer, Software Delivery and Content Collaboration requirements on a single platform.