Euronext NV on Thursday completed its 4.4 billion euro acquisition of Borsa Italiana and is offering 30.5 million shares at an issue price of 59.65 euros each to help fund the deal, which was first agreed to in October 2020.
The main question batted around at The Washington Outlook panel at the 2021 Options Industry Conference on Wednesday was whether President Joe Biden can realize his hope for bipartisanship on his agenda, given that a large chunk of his new American Families Plan proposal is anathema to Republicans – in particular the proposed tax increases on the wealthy that would pay for much of it.
Hong Kong Exchanges and Clearing's stock exchange posted its best ever quarterly profit as a boom in trading and in IPOs boosted profits 70% year-on-year to HK$3.8bn (US$490m) in the first quarter of 2021.
A federal appeals court sided with TD Ameritrade in a court case over its routing of investors’ stock orders to high-speed trading firms in exchange for payments. The decision rejected a proposed class-action lawsuit.
European regulators are looking into whether Binance has complied with securities rules over its launch of trading in stock tokens, which allow users outside the US, China and Turkey to trade equity shares through crypto coins, FT reports.
Massachusetts securities regulators on Thursday asked that Robinhood Financial's registration as a broker-dealer in the state be revoked, saying Robinhood has “continued a pattern of aggressively inducing and enticing trading among its customers."