For Futu and UP Fintech, regulatory bombshell may finally clear global path forward
Hefty penalties from China's securities regulator for operating without necessary licenses remove a long-running overhang for the online brokerages Key Takeaways: Futu and UP Fintech have been fined a combined…
Webull charges into high-velocity trading as U.S. removes longstanding restriction
The online brokerage is moving faster than rivals to remove a rule limiting trading by low-balance accounts, aiming to boost trading volumes on its platform Key Takeaways: Webull will immediately…
Futu delivers more blockbuster results as pivot from China pays off
The online brokerage gained significant traction in its new markets in the fourth quarter, just three years after hitting a regulatory brick wall in its original home China market Key…
Citic Securities in equity sweet spot as investors flock to Chinese stocks
China’s largest brokerage reported big jumps in its revenue and profit during the third quarter amid a bull run in Chinese stocks and a wave of Hong Kong IPOs Key…
BRIEF: Amber Int’l becomes first listed Asian firm with on-chain stock as AMBRx
Amber International Holding Ltd. (AMBR.US) has become the first Asia-based public company to offer its stock on-chain, trading as AMBRx on the solana blockchain, CEO Wayne Huo confirmed on Tuesday…
UP Fintech gets lift from tariff-induced market volatility
The online stockbroker’s revenue and net profit grew substantially in the first quarter as its trading volume surged on volatility in global stock markets Key Takeaways: UP Fintech’s revenue jumped…
BRIEF: Futu profit doubles on heavy trading during stock market rally
Online brokerage Futu Holdings Ltd. (FUTU.US) said on Thursday its revenue jumped 86.8% in the fourth quarter to HK$4.43 billion ($570 million), fueled by higher trading volumes as investors rushed…
