“I got into trading because the internet is dead and the planet’s on fire. Trading is exciting, it’s challenging, it’s a great way to stay informed on current events without slipping into existential dread… it also teaches great lessons and it’s much more fun with friends.”
It was the Gamestop trade against Melvin Capital that made a name for the WSB subreddit.
GameStop stock has become emblematic of unprecedented market volatility and the burgeoning influence of retail investors. This shift underscores a pivotal moment in financial markets, with GameStop (GME) embodying the potential for significant gains and highlighting the evolving dynamics between institutional and retail investors.
Welcome back to Finance Feeds at the Bitcoin Conference 2023 in Miami. Today, we have the pleasure of interviewing Jordan Edelson, CEO of TradeZing.
“Usually, adding options to the typical CFDs and equities offering leads to fragmentation of the platform technology as many brokers will need additional back-end and front-end components, and that could be an important barrier for them. Apart from that, legal hassle and costs associated with proper licensing of market data could be a barrier at first. We are seeing this trend among market data vendors and exchanges to make it easier and more affordable.”
The FIA Expo 2022, which takes place in Chicago on 14 & 15 November, is one of the most prestigious events within the global derivatives trading industry.
Digital marketing and cryptocurrencies should go together like apple pie and ice cream. Crypto and blockchain brands want to promote in various digital spaces, including social media. And with the progression of token friendly spaces like the Metaverse it should be an ideal fit.
Payment giant PayPal is reportedly looking into the launch of a stock-trading platform for US customers after it has hired a brokerage industry veteran to head its “Invest at PayPal” division.
“Payment-for-order-flow arrangements create conflicts of interest that can lead to poor client outcomes. It can also negatively impact market liquidity and pricing. In our view, these harms outweigh the benefits.”
Robinhood’s infrastructure seems unable to deal with the T+2 settlement cycle in times of extreme volatility. The United States are in the process of moving toward T+1 for its risk mitigation, but the Robinhood-backed real-time settlement remains a mirage.
“The company was a hot topic of discussion on Reddit’s Wall St Bets forum this week and some are suggesting that this sharp rise is once again down to FOMO – the fear of missing out”
The firm connects its community to institutional clients via Alpha Streams in order to supply quants with recognition and revenue for their ideas.
The multi-asset platform is now connected to TradingView’s network of venues, liquidity pools, and asset classes
Some within the industry have been saying that the social media trading frenzy is coming to an end, AMC aside. We’ll wait and see.
The provider of market access and routing/execution services to broker-dealer clients on an agency basis did not have a proper supervisory system to prevent layering, spoofing, and prearranged and wash trades, FINRA alleged.
Alan Greenspan, the ex- U.S Federal Reserve Chair, once remarked “The number one problem in today’s generation and economy is the lack of financial literacy.” Whilst he was predominantly centering this towards the United States, the statement is certainly true for those in Africa. Financial Literacy rates must be improved across the African continent- and fortunately there has never been a better time to take up the challenge.
The year 2021 started with a significant PR problem for Robinhood amid the rise of r/WallStreetBets and the social trading frenzy which have fueled a short squeeze in the GameStop stock.
Mr. Fassari tweeted about 120 times to his thousands of followers that ARCS was reviving its operations, expanding its business, and being backed by “huge” investors, all false or misleading statements.
“In the context of Gamestop, however, it is relevant, however, to draw attention to the increase in retail trading accounts in the UK during 2020. The trend preceded the lockdown but accelerated during the first lockdown in particular, perhaps fuelled by people spending more time online, more time at home, and the increase in so-called commission-free trading.”
