Plus500 Co., Ltd. agreed to acquire retail trading platform Hedge Capital Markets to explore the US market. A statement was issued on Tuesday saying that the acquisition will enrich the British company's customer-facing products, adding stocks, options, exchange-traded funds, and forecasting markets. Plus500 did not disclose transaction consideration and said it would use cash to complete the acquisition. The British trading platform plans to launch an app in the first quarter of next year. Customers can trade all kinds of assets on the platform, including new US market products. The app will be launched first in the US and gradually rolled out to other countries. Plus500 also said that as part of the US expansion plan, the company has set up a new office in New York and previously had a layout in Chicago.

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