Robinhood(US:HOOD) 智通财经网·2025-11-26 15:26Core Viewpoint - Robinhood is launching a futures and derivatives exchange and clearinghouse, enhancing its investment in predictive markets, which has led to a stock price increase of over 6.5% to $123.17 [1] Group 1: Business Development - Robinhood is establishing a new joint venture with Susquehanna, where Robinhood will act as the controlling partner, providing retail demand and distribution channels [1] - The joint venture will leverage Susquehanna International Group as a key partner and initial liquidity provider, with plans to introduce additional liquidity providers in the future [1] Group 2: Strategic Acquisitions - The joint venture aims to accelerate service delivery by acquiring MIAXdx, a designated contract market, derivatives clearing organization, and swap execution facility licensed by the CFTC [1] - MIAX will retain a 10% strategic equity stake in the exchange, ensuring continued involvement in the venture [1] Group 3: Future Operations - The independent joint venture is set to provide futures and derivative products through a futures commission merchant platform, including Robinhood's predictive markets, with operations expected to commence in 2026 [1]