Top executives from hedge funds and the Robinhood trading platform will appear before a U.S. House panel on Thursday to explain how a flood of retail trading drove shares of GameStop and other stocks to extreme highs, squeezing short sellers who had bet against them.
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FILE PHOTO: Traders work at the Citadel Securities post on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 18, 2016. REUTERS/Brendan McDermid
(Reuters) - Electronic trading firm Citadel Securities last month played a critical role in processing retail investors’ orders and was not involved in online trading app Robinhood’s decision to limit trading in GameStop, Citadel’s founder Kenneth Griffin said.
Griffin, who has been trading stocks for more than half his life, also laid out his ideas for improving trading for all, suggesting shorter settlement cycles and transparent capital models could be introduced now.
The recent trading frenzy centered on GameStop Corp and other “meme” stocks is sparking a wave of investor interest in start-ups aiming to mimic the success of Robinhood Markets Inc, whose no-fee brokerage app has helped drive a trading boom.
(MENAFN - Saudi Press Agency)
Riyadh, February 18, 2021, SPA Saudi Stock Exchange s main index ended trading higher here today, gaining 60.08 points to close at 9,024.23 points. The total value of the trading reported was SR11.8 billion, while the toll of shares traded was more than 380 million, divided into over 475,000 deals. The Saudi Parallel Equity Market Index (NOMU) ended the day down 410.66 points, to close, at 27,456.00 points, with a valuation of SR72 million and an overall tally of 590,000 stocks traded and divided into as many as 1701 deals. SPA
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Feb 18, 2021 12:21 PM EST
International Wildlife trade which is said to worth between $4 to $20 billion per year is triggering declines of over 60% in the abundance of species on the planet, according to scientists who call for more study on the impacts of this uncompromising threat across the whole world.
The researchers of the University of Sheffield in the UK and other researchers found out that the wildlife trade is causing a reduction of around 62% in the abundance of species, with helpless species suffering losses of over 80%.
Trade Managing Policies
Even though there are policies regarding wildlife trading, the research released in the journal Nature Ecology and Evolution, cautioned that without more knowledge about the effects of wildlife trade these policies cannot protect the species.