PLUS500 is one of the few winners from the coronavirus outbreak as it raised its outlook after a boom in trading activity.

Last week the FTSE 100 suffered its biggest one-day fall since the 1987 crash after US President Donald Trump imposed a travel ban on Europe.

The spreadbetting firm said it "has continued to see a significantly increased level of customer trading activity alongside strong momentum across all financial and operational KPIs."

Plus500's trading platform allows customers to bet on whether a share price will rise or fall. Revenue from customer income has been strong because of the heightened levels of market volatility.

London's FTSE 100 fell four per cent yesterday after a day of widespread selloffs.

Plus500 said it had also experienced gains from customer trading performance, which is expected to be neutral over time.

Despite a strong performance, shares in Plus500 closed down 5.7 per cent to 731.2p yesterday.

(c) 2020 City A.M., source Newspaper