Italian stocks are now available for trading by eToro users
The Israeli social trading and multi-asset brokerage firm eToro has added new markets, including Italian stocks listed on underlying exchanges, to its service and trading product offerings.
The broker just informed its clients of the new items in a statement. Users of eToro can now trade stock CFDs for various Italian companies.
Since the company’s clients from specific countries, such as fund managers, hedge funds, and commodities trading advisors, are eager to actively trade local equities, the rationale for adding more assets has gotten stronger in recent years.
The most recent additions follow eToro’s decision to charge no commission for US users to trade options, intensifying the battle between brokers to do away with trading commissions. The Israel-based company claims that by launching in the US, it would diversify its present stock, exchange traded fund (ETF), and cryptocurrency-focused offering.
eToro said that more of its key products will soon be accessible to American clients. The company competes in a field that is dominated by both established firms and popular trading apps.
Scaling eToro’s US operations comes soon after the company received regulatory approval to purchase the $50 million options trading app Gatsby. In 2018, Ryan Belanger-Saleh and Jeff Myers co-founded Gatsby, a commission-free stock and options trading app geared for younger investors.
Over the past few months, senior hiring and exits have occurred at eToro. Dylan Holmani, the broker’s head of global sponsorships for nearly seven years, left the company in December. It elevated Orel Assia to the position of head of growth for its eToro Money programme a month earlier.
The broker most recently chose Meron Shani to fill the position of Chief Financial Officer. Shalom Berkovitz, the organization’s departing CFO and deputy CEO, was followed by his promotion.
Meron began working with eToro as vice president of finance in 2019. He had a variety of duties within the organisation, including risk management, compliance, legal, and finance. He comes into his new job with a strong background in the igaming sector, having worked there for more than 19 years in a variety of finance capacities.
After firing 100 employees, with half of them based in Israel, eToro made the executive changes. This figure equates to about 6% of the entire workforce of the business.
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