[unable to retrieve full-text content]Israeli based social trading platform eToro is expanding to the U S If all goes according to plan U S citizens will be able to trade cryptocurrencies on the company s platform sometime later this year The announcement which eToro made today May 15 2018
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After raising more money from top Silicon Valley investors, Robinhood has quadrupled its valuation in about a year to more than $ 5 billion. Less clear is how the operator of a commission-free stock trading app generates enough money to justify such a lofty amount. On Thursday, the start-up announced it raised $ 363 million in capital, valuing the company at $ 5.6 billion. That makes it about one-third the size of the online brokerage E-Trade Financial, which has a market value of nearly $ 17 billion. While E-Trade reported a 28 percent increase in net revenue to $ 708 million in the first quarter, Robinhood would not share specific informatio...
Shares in Spotify fell back on the first day of trading on the US stock market after the music streaming firm's highly anticipated launch.The shares opened at $ 165.90 (£118) - more than a quarter higher than the $ 132 guide price set by the New York Stock Exchange on Monday.After going as high as $ 169, they lost ground to close at $ 149.01. That makes the Swedish company worth about $ 26bn - well above the value of other tech firms such as Twitter.Spotify used an unconventional process to go public: instead of issuing new shares, early investors sold their existing holdings.That move gave the firm's early backers a chance to cash in on its growth.Traders huddled on the floor of the New York Stock Exchange on Tuesday morning, gauging interest from buyers and sellers to determine the openi
Futures trading giant CME Group has reached a deal to buy U.K.-based trading firm NEX Group for £3.9 million ($ 5.49 billion).CME will acquire London-based NEX in a transaction valued at £10 ($ 14) per share, consisting of £5 in cash and 0.0444 CME Group shares, based on CME's closing share price of $ 158.84 on Wednesday, the companies said in statements Thursday.The transaction is expected to close in the second half of 2018, pending on the approval of regulators and NEX shareholders.NEX is a provider of currency and fixed income platforms, and other over-the-counter (OTC) post-trade products and services.The two companies said earlier this month that CME had approached NEX with a takeover offer, a move that triggered speculation that there could be rival takeover bids from other players
DailyFX.com -A much-anticipated monetary policy announcement from the Federal Reserve will shape price action across financial markets in the week ahead.US Dollar Forecast: US Dollar on Offensive Before Fed Rate Decision. Will it Last?The US Dollar is on the offensive as traders brace for what could be a major hawkish policy pivot at the Federal Reserve. Will Jerome Powell and company deliver?British Pound Forecast: From Famine to Feast - BOE, Hard Data and BrexitSterling traders will be happy to see a raft of potentially market moving releases and events next week after a week of twiddling their thumbs.Australian Dollar Forecast : Australian Dollar Pressured, Fed Hawkishness Will Be DecisiveThe Australian Dollar will be as in thrall to the week's Federal Reser...
