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...However, its expansion efforts come as Robinhood has launched a renewed assault on the European market after a two-year delay, opening up access to its app to UK investors last November....
...However, the EU is still at the start of a market consultation....
...“We don’t want to just be an active trader company because the addressable market is quite small,” Tenev told the Financial Times....
...Retail brokerage Robinhood reported an unexpected fourth-quarter profit, confounding analysts’ forecasts and prompting a 15 per cent jump in its share price in after-market trading....
...Narrowing this gap would bolster the bedraggled London stock market. Robinhood might represent competition for execution-only platforms such as Hargreaves Lansdown and AJ Bell....
...Robinhood plans to launch fully early next year....
...Yet even that has done little to lift the fortunes of Robinhood....
...Sonja HutsonJen Hughes is the FT’s US markets editor. Thanks, Jen. Jennifer HughesThank you....
...“High levels of initial interest . . . may result in an unsustainable market price, in which case the market price of our class A common stock may decline over time,” the prospectus noted....
...Yet the central challenge for Robinhood may be to thrive in a market that bars the trading mechanism that powered its rise in its home market....
...“We are disappointed in today’s decision and remain committed to providing access to the markets” in Massachusetts, said Robinhood....
...For comparison, Robinhood, which has a market valuation of $14bn, boasts 23.4mn funded accounts and has $102.6bn in assets under custody. There was no mention of revenue or profit by Webull....
...The depth and expertise of New York’s capital markets are luring foreign businesses in search of financing. Chinese fast-fashion group Shein is the latest to file for a listing....
...Robinhood rode the trading frenzy in 2021 by listing in New York and providing retail investors access to its IPO....
...Other earnings: Molson Coors, Shopify, Marriott, Hasbro, Biogen and Restaurant Brands will post earnings before the market opens. Lyft, Airbnb, Zillow and Robinhood will do so after the closing bell....
...London market is a scapegoat for poor performance When a UK company’s share price goes south, simply blame the London market....
...Surging demand for bullish options tied to US meme stocks including broker Robinhood, car seller Carvana and cryptocurrency exchange Coinbase means the implied volatility of calls now exceeds the implied...
...“If you were designing the market from scratch today . . . you would probably build in fractionalisation [of shares] . . . and 24-hour trading,” Robinhood founder Vlad Tenev told the Financial Times....
..., it was able to lean on Robinhood to protect . . ....
...That is more than twice the multiple for Robinhood. Larger and more profitable exchange operators Cboe and the London Stock Exchange are on 5 times and 6 times respectively....
...It told investors that the gains were largely driven by the recent sell-off in bond markets....
...Its core market is interesting — the market for SME loans is about £84bn — but the wild card is the market for FlexiPay payments solutions, which is even bigger at £1.3tn. The pay-off could be huge....
...Only a sharply rising market can do that....
...They’re lottery tickets on financial market outcomes. People like to gamble, and other people like to make markets in those bets. And net-net the winners are not the gamblers but the casino....
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