Italian Stocks Can Now Be Traded By eToro Users

The broker recently alerted its customers about the additional features in a statement. eToro users may now trade stock CFDs for certain Italian firms.

In recent years, the justification for adding new assets has grown as the company's customers from specific countries, such as fund managers, hedge funds, and commodities trading advisers, have shown a desire to actively trade local equities.

The new capabilities come on the heels of eToro enabling its US users to trade options for free, intensifying the brokers' battle to abolish trading costs. The Israeli corporation claims that the launch would broaden its offering to US customers, which is presently limited to equities, exchange-traded funds (ETFs), and cryptocurrencies.

eToro, which operates in a field dominated by both established businesses and high-flying applications, said that more of its key products would be accessible to American consumers in the near future.

Scaling eToro's US operations follow the firm's regulatory approval to purchase options trading platform Gatsby for about $50 million. Gatsby, co-founded in 2018 by Jeff Myers and Ryan Belanger-Saleh, is a commission-free option and stock-trading software geared towards younger traders.

Over the previous several months, eToro has witnessed key appointments and exits. Dylan Holmani, the broker's head of Global Sponsorships for over seven years, left the company in December. It had previously elevated Orel Assia to the position of head of growth for its eToro Money program.

Meron Shani was recently appointed as the broker's Chief Financial Officer. His appointment followed the departure of Shalom Berkovitz, the company's departing CFO and deputy CEO.

Meron joined eToro as vice president of finance in 2019. He was responsible for a variety of tasks within the organization, including financial, legal, compliance, and risk management. He comes into his new job with a strong history in the igaming business, where he has held numerous financial roles for over 19 years.

The executive changes occurred after eToro fired off 100 workers, half of whom were based in Israel. This figure reflects around 6% of the company's overall personnel.

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