The new feature allows the company to reserve shares, at the IPO price, for a specific group of people. Robinhood helps allocate these shares to the chosen individuals through the program. The invited by the issuer individuals to take part in the DSP at the IPO price can then use the Robinhood app to request…
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Among the new additions are Cardano, Aave, Basic Attention Token, Compound, Enjin, Chainlink, Polygon, Maker, Uniswap, and Yearn Finance. All of the new cryptocurrencies have been added against the US dollar. The total number of crypto instruments on the Swiss online trading platform is now 19. The announcement noted that the additional crypto instruments are…
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In October, the brokerage also recorded 1.58 million client accounts, 57% up compared to the previous year and 3% higher than prior month. Annualized average cleared DARTs per client account stood at 333. The company also noted that average commission per cleared Commissionable Order was $2.48 including exchange, clearing and regulatory fees In September, Interactive…
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Agency Execution made the biggest splash with +353% surge in generated revenue. The company attributed this to the inclusion of Liquidnet, which brought £51 million in Q3. Excluding Liquidnet earnings, the division’s revenue grew 13% to £17 million. Liquidnet was acquired earlier this year. Parameta Solutions, Data & Analytics revenue rose by 9% to £37…
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PrimeXM Data Centre in London LD4 registered $877.53 billion in notional value, almost 80% of the total monthly volume. The Data Centre NY4 remained in second place with $122.79 billion in monthly trading volume. TY3 reached $99.35 billion in October. The newly established SG1 data center, processed $359 million. XAUUSD remains consistent as the favouruite…
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The overall volume registered a 23.86% YoY increase compared to the same period last year. FXSpotStream’s ADV YTD rose 14.63% to $48.665 billion last month when compared to October 2020 The October ADV numbers are based on 21 trading days. Earlier in October, FXSpotStream launched a new microsecond low-latency architecture, designed to deliver “substantial improvements”…
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The company noted that all shares repurchased through the programme will be classified as shares held in treasury and will be taken out from circulation. According to the official announcement, all share purchases will take place in the open market. Liberum Capital Limited was appointed to manage this new programme. The London-listed forex and CFDs…
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The Group also revealed its own NFT marketplace, to be released in the fourth quarter of the year. The “Non-Fungible-Token” platform allows assets or their ownership structure to be digitally stored on a decentralized database via the blockchain. NFTs are gaining popularity in digital art, sports, and music with estimated trading volume in 2020 of…
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The drop led to considerably fewer new funded accounts and lower revenue in the third quarter of 2021 compared with the second quarter of 2021, according to Robinhood. The California-based online brokerage remained at a loss with pre-tax loss of $1.37 billion. The net loss stood at $1.32 billion, or $2.06 per diluted share. The…
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The broker stated: The significant factor determining the level of revenues was a constantly growing client base combined with their high transaction activity noted in the number of concluded transactions in lots and in the nominal value of the realized turnover. As a consequence, the transaction volume in CFD instruments amounted to 1 044 thousand…
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