The U.S. Securities and Exchange Commission officially eliminated the 25-year-old Pattern Day Trader (PDT) rule on June 4, removing the $25,000 minimum equity requirement for day trading. This change allows retail investors with smaller accounts to execute multiple day trades without facing account restrictions, significantly lowering barriers to active trading. Robinhood Markets celebrated this shift by removing all PDT flags, which is expected to improve customer retention and boost trading activity. The rule change is likely to benefit retail brokerages by consolidating assets and increasing transaction volumes among smaller investors.
Meyer Malka, a Robinhood director and fintech investor, bought 249,000 shares at an average price of $80.39, increasing Ribbit Capital's stake. This purchase stands out as insiders mostly sell shares through pre-planned plans. Despite Robinhood's Q1 ...
In May, three ALPS ETFs—ACES, OGIG, and DTEC—each gained more than 10%, driven by a shift from traditional energy to technology sectors. The ALPS Clean Energy ETF (ACES) led with a 19.4% gain, reflecting strong interest in renewables amid a decline i...
Robinhood Markets' stock dropped sharply after the US Supreme Court asked the Trump administration to weigh in on whether to hear a lawsuit accusing Robinhood of misleading investors about its financial health before its 2021 IPO. The lawsuit claims ...
CME Group has introduced 24/7 trading for cryptocurrency futures and options, starting May 29, allowing global investors continuous access to regulated digital asset markets. The launch saw over 7,200 contracts traded during the first weekend, showin...
Robinhood Markets has finalized its acquisition of WonderFi Technologies for approximately C$250 million, paying C$0.36 per share in cash. Following the deal, WonderFi's shares will be delisted from the Toronto Stock Exchange, and the company will ce...
