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Robinhood

Robinhood

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."

Gary Gensler

Gary Gensler

Gary Gensler was confirmed by the Senate Wednesday to head the SEC, where he will lead work on new, stiffer federal regulations on oversight of major financial firms.

Bernard Madoff

Bernard Madoff

Bernard Madoff, the Manhattan investment adviser who defrauded clients of more than $19 billion in history’s largest Ponzi scheme, has died in prison at the age of 82.  

MarketAxess Holdings Inc.

MarketAxess Holdings Inc.

The fixed income platform provider MarketAxess completed its acquisition of MuniBrokers, an electronic venue for interdealer brokers and dealers, on April 9, The Trade reported.  

Hiromi Yamaji

Hiromi Yamaji

Hiromi Yamaji, the new head of the Tokyo Stock Exchange, told Nikkei he will push Japanese companies to adopt more robust governance rules in a major reorganization slated for next April.

CME Group

CME Group

CME Group Inc. said it will launch a futures contract for lithium, seeking to capitalize on growing demand for the metal, which helps to power electric vehicles. Trading is planned to begin May 3.

New Zealand Stock Exchange (NZX)

New Zealand Stock Exchange (NZX)

NZX signed a deal Thursday with the Singapore Exchange (SGX) for a strategic partnership agreement to scale up market distribution and liquidity in the global dairy derivatives market.

U.K. Digital Markets Unit

U.K. Digital Markets Unit

The U.K. launched a new regulatory body, the Digital Markets Unit, to police allegations of anticompetitive behavior among the world’s largest technology companies.

FEX Global

FEX Global

FEX Global, a new Australian futures exchange, announced it has contracted with Trading Technologies to provide the exchange’s trading participants with the company’s TT trading platform.

Bank of Japan

Bank of Japan

The Bank of Japan on Monday started studying the feasibility of issuing its own digital currency, joining other central banks in the effort to equal the innovation in the field achieved by the private sector, Reuters reported.

World Federation of Exchanges

World Federation of Exchanges

The World Federation of Exchanges today released research on market circuit breakers used amid recent COVID-19-related volatility. Among the findings: 67% of the exchanges studied said circuit breakers were hit in March 2020 and 30% are reviewing their calibrations.

U.K. Financial Conduct Authority

U.K. Financial Conduct Authority

The FCA today said it plans to ease certain rules for SPACs after a four-week consultation period. London stakeholders have complained current U.K. regulations leave them unable to compete in the SPAC marketplace versus U.S. and EU firms.

U.S. Department of the Treasury

U.S. Department of the Treasury

The Treasury Department and the European Union issued a statement on last week's U.S.-EU Joint Financial Regulatory Forum calling for continued global cooperation on a number of issues, including efforts to mitigate financial stability risks related to COVID-19.

Broadridge Financial Solutions, Inc.

Broadridge Financial Solutions, Inc.

Global fintech firm Broadridge today announced it agreed to acquire Itiviti Holding AB, a provider of trading and connectivity technology to the capital markets sector, in an all-cash transaction valued at $2.5 billion, pending regulatory approvals.  

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