Previous close | 7.30 |
Open | 7.30 |
Bid | 8.70 |
Ask | 8.90 |
Strike | 17.00 |
Expiry date | 2024-01-19 |
Day's range | 7.30 - 7.30 |
Contract range | N/A |
Volume | |
Open interest | 2 |
Robinhood (HOOD) is rolling out brokerage services in the U.K., its third attempt at expanding in the markets.
LONDON (Reuters) -Trading app operator Robinhood Markets Inc. said on Thursday it would roll out brokerage services in Britain, as part of an international expansion plan to "democratise finance" and increase access to markets. Robinhood grabbed the attention of millions during a 2021 retail trading surge in the United States, when mom-and-pop investors flocked to the company's commission-free platform to back "meme stocks" - shares that gained a frenzied following during pandemic-era lockdowns. Robinhood's plans come one month after Britain's Financial Conduct Authority (FCA), which has been reviewing stock trading app design features, told platform chiefs it expected customers to be protected from reckless trading and scams.
Trading app operator Robinhood Markets Inc. said on Thursday it would roll out brokerage services in Britain, as part of an international expansion plan aimed to "democratise finance" and increase access to markets. Robinhood grabbed the attention of millions during a 2021 retail trading frenzy in the United States, when mom-and-pop investors flocked to the company's commission-free platform to back so-called "meme stocks" during pandemic-era lockdowns. Vlad Tenev, CEO and Co-Founder of Robinhood, said Britain was the "ideal place" for the company to launch its first international brokerage product, describing the UK as a hub for innovation, global finance and tech talent.