Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 ...

Citigroup is looking to get back to serving small investors after being forced to exit the brokerage business more than a decade ago, sources tell On The Money. People with knowledge of the big bank's thinking say adding a sizable brokerage to deal with retail clients and high-end investors is part of CEO Jane Fraser's turnaround strategy, which began with a major reorganization of the long-suffering big bank, cost-cutting and the hiring of new leadership. In the past year, Wall Street has applauded Fraser' ...

Bgc Group (BGC -4.63%), a global brokerage and financial technology firm, reported its financial results for the quarter ended June 30, 2025, on July 31, 2025. The most noteworthy news was record-breaking GAAP revenue of $784.0 million, which exceeded analyst estimates of $768.7 million. Earnings per share (Non- GAAP) matched expectations at $0.31, a substantial rise from the prior year's $0.23. Overall, the period was marked by outperformance in key brokerage segments and steady advancement in technology-d ...

BGC GROUP, INC. NASDAQ: BGC EARNINGS PRESENTATION Q2 2025 DISCLAIMER DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT BGC Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statem ...

Core Viewpoint - The Hong Kong Monetary Authority (HKMA) will implement the Stablecoin Regulation on August 1, with a licensing process that is ongoing and requires interested institutions to apply by September 30, 2025. The emphasis is on preventing speculation, and no licenses have been issued yet [1][7]. Group 1: Licensing Process - The licensing framework includes four key documents: guidelines for licensed stablecoin issuers, anti-money laundering guidelines, a summary of the licensing system and application procedures, and transitional provisions for existing stablecoin issuers [2]. - The first batch of license applications must be submitted by September 30, 2025, with the first licenses expected to be announced in early 2026. However, this date is not a final cutoff, as institutions can still apply later [7]. Group 2: Qualification Requirements - Applicants must be registered corporations in Hong Kong with a minimum paid-up capital of HKD 25 million or equivalent currency. They must also ensure that reserve assets fully back the stablecoins issued [8][9]. - The reserve assets must include high liquidity assets such as cash, short-term bank deposits, and government bonds, with prior approval required for using other currencies as reserves [9]. Group 3: Compliance and Reporting - Issuers are required to establish a redemption mechanism for real-time payments and must comply with anti-money laundering regulations, including ongoing monitoring of customer transactions [10]. - Information disclosure mandates include monthly financial reports and weekly asset reports to the HKMA, along with external audits to verify compliance [10]. Group 4: Market Expectations - The initial issuance of licenses is expected to be limited to a single-digit number, reflecting a cautious approach by the HKMA due to the risks associated with stablecoins [11]. - Major companies like Ant Group and JD Group are seen as strong candidates for obtaining licenses, with a focus on real-world applications such as cross-border payments [12][13]. Group 5: Industry Implications - The implementation of the Stablecoin Regulation is viewed as a significant step towards the integration of stablecoins into the traditional financial system, potentially transforming cross-border payments and asset allocation [14]. - The presence of licensed platforms is expected to reduce risks associated with virtual assets, and holding core licenses may provide competitive advantages for leading companies in the sector [14][15].

🚨JUST IN: INTERACTIVE BROKERS (@IBKR) EXPLORES ENABLING CRYPTO STABLECOIN FUNDING FOR BROKERAGE ACCOUNTS ~ WATCHER GURU ...

Core Viewpoint - Robinhood has experienced significant stock price growth, with shares rising from around $40 to over $100, resulting in a market capitalization of nearly $90 billion and a year-to-date increase of 173% [2] Group 1: Financial Performance - In Q1 2025, Robinhood reported a 50% year-over-year revenue increase to $927 million, driven by a 77% surge in transaction-based revenue, which reached $583 million [3] - Net interest income rose 14% to $290 million, supported by a larger base of interest-earning assets and increased securities lending [3] - The company achieved a net income of $336 million, marking a 114% year-over-year increase [4] Group 2: Customer Growth and Business Expansion - Robinhood gained $2 billion in net deposits in the quarter, bringing total net deposits to a record $18 billion [4] - The subscription service Robinhood Gold saw its subscribers nearly double from 1.7 million to 3.2 million year over year [4] - The company is diversifying its business by acquiring TradePMR for $300 million and Bitstamp for $200 million, aiming to enter the wealth management sector and expand its market reach [7] Group 3: Future Growth Strategy - CEO Vlad Tenev emphasized the goal of building a global financial ecosystem, expanding from retail to serving businesses and institutions, and growing beyond the U.S. market [8] - Robinhood now operates nine different businesses, each generating at least $100 million in annualized revenue, nearly double from a couple of years ago [8] - Future growth opportunities include 24-hour trading, 401(k) administration, and employee stock plan administration [8] Group 4: Stock Valuation and Risks - The stock trades at approximately 67 times forward earnings estimates, which is near an all-time high [12] - Since its IPO, the share count has increased by 5.6%, leading to potential dilution of ownership stakes for investors [11] - Management is addressing share dilution by reducing share-based compensation and increasing share repurchase authorization from $1 billion to $1.5 billion [11] Group 5: Market Position and Investor Sentiment - 75% of Robinhood's 25 million funded accounts are held by millennials and Gen Z, positioning the platform for long-term growth as these users accumulate wealth [15] - Despite the stock's near all-time highs and stretched valuation, long-term investors may consider holding or dollar-cost averaging [16]

Citadel Securities and a group of brokerage firms won a lawsuit against a funding plan for the SECs market-tracking database https://t.co/xz0LAR16rA ...

Five former executives at Japanese brokerage SMBC Nikko are about to hear verdicts in a long-running stock market manipulation case https://t.co/YDhBn7tleM ...

Core Insights - Tastytrade has introduced stablecoin account funding for investors, allowing funding through multiple stablecoins and chains, including USDC, USDT, PYUSD, and RLUSD, available 24/7/365 [1][2][3] - This funding method aims to eliminate traditional funding friction points such as currency conversion fees and multi-day settlements, thereby reducing costs and simplifying the process for users [2][3] - The CEO of IG North America highlighted the advantages of stablecoin funding, including speed, simplicity, and global reach, facilitating instant money transfers across jurisdictions [3] Company Overview - Tastytrade is an award-winning brokerage firm established in 2017, recognized for its innovative approach to investing and providing educational content for options, futures, crypto, and equities trading [4] - The firm has received accolades such as Best Broker for Options in 2025 by Investopedia and Best Broker in North America by TradingView [4] - Tastytrade operates as an indirect subsidiary of IG US Holdings, Inc., which is part of IG Group Holdings plc, a global fintech company [4] Infrastructure and Partnerships - Zerohash provides the on-chain infrastructure that powers Tastytrade's stablecoin funding, enabling instant conversion of stablecoins into USD and seamless transfers to brokerage accounts [3][4] - Zerohash is recognized as a leading infrastructure provider for crypto and stablecoin services, supporting major financial services groups [3][7] - The partnership with Zerohash allows Tastytrade to expand its business by offering instant global funding solutions [4]