Tag: Stock

London Stock Exchange-backed LCH to Offer Bitcoin Index Derivatives Clearing Services from Q4 2023

Subject to regulatory approval, LCH has partnered with GFO-ax to offer the clearing of Bitcoin index derivatives. As the Bitcoin and broader cryptocurrency market gain global recognition amid banking crisis, the United Kingdom institutional investors can rest assured the Rishi Sunak government is pro-digit assets. In a stunning move, the London Stock Exchange (LSE) through its subsidiary LCH Limited, LCH S.A has announced that it will begin to offer clearing of Bitcoin index futures and options contracts traded on GFO-X, a UK FCA-approved digital asset derivatives trading platform. Subject to…

London Stock Exchange’s LCH SA to Clear Bitcoin Futures and Options on GFO-X Through New Service – Bitcoin News

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On April 13, 2023, the London Stock Exchange’s LCH division, a clearing house group serving major international exchanges and a wide range of over-the-counter (OTC) markets, announced its plans to offer clearing of bitcoin index futures and options contracts traded on GFO-X. Frank Soussan, the business lead at LCH Digital Asset Clear, stated during the announcement that “bitcoin index futures and options are a rapidly growing asset class.” LCH SA’s Move to Clear Bitcoin Futures and Options Contracts Reflects the Growing Interest Among Institutional Market Participants A division of the…

London Stock Exchange may provide clearing services for BTC derivatives starting in Q4

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The United Kingdom could see its first centrally cleared trading venue for digital asset derivatives due to a partnership between a London Stock Exchange Group (LSEG) business and trading startup Global Futures and Options (GFO-X). They intend to launch the service in the fourth quarter of this year. According to an April 11 announcement, LCH SA, the Paris-based subsidiary of the LSEG clearinghouse, is set to provide clearing services for dollar-denominated, cash-settled Bitcoin (BTC) index futures and options contracts traded on the GFO-X venue. The plan still requires regulatory approval.…

London Stock Exchange To Offer Clearing Of Bitcoin Futures And Options

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The London Stock Exchange will soon offer clearing services for Bitcoin futures and options. The BTC index derivatives clearing will be made available through the group’s clearing subsidiary LCH. LCH will provide clearing for cash-settled BTC index derivatives on the UK-based GFO-X exchange.  The London Stock Exchange Group has announced its plans to offer the clearing for Bitcoin index futures and options. As the world’s eighth-largest stock exchange, the LSE Group will facilitate the trading of BTC futures and options through its clearinghouse subsidiary LCH.  Bitcoin index derivatives on FCA-regulated…

Shopify (SHOP) Stock on Rise after JMP Securities Upgrade

On Wednesday, Canadian e-commerce giant Shopify saw its stock swell following a JMP upgrade to ‘Market Outperform.’ Shopify (NYSE: SHOP) stock has surged after a JMP Securities upgrade. On Wednesday, the California-based full-service investment platform upgraded SHOP from Market Perform to Market Outperform with a $65 per share price target. JMP Views Shopify Stock as ‘Leader in E-Commerce Enablement’ JMP analysts see an upside to Shopify stock after analyzing the OpEx structure across the website builders. In addition, analysts assessed third-party website traffic data and consulted with professional website developers…

German Stock Exchange Boerse Stuttgart to Provide Crypto Custody Through Licensed Subsidiary – Exchanges Bitcoin News

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Blocknox, a subsidiary of one of Europe’s largest stock exchanges, Boerse Stuttgart, has been licensed to operate as a crypto custodian in Germany. The authorization will allow the company to offer custody services for digital assets to institutional investors across the Old Continent. Boerse Stuttgart Subsidiary Blocknox to Offer Crypto Custody Services Under Bafin License Germany’s second-largest stock exchange and one of the largest in Europe, Boerse Stuttgart, will be able to provide European banks, brokers, asset managers, and family offices with both trading and custody solutions for their crypto…

VORB Stock Down 50% in Pre-market, Virgin Orbit Plans to Halt Operations

News of the operations halt, failed funding, and job cuts did not sit well with shareholders as Virgin Orbit saw its shares are down 50% after the announcement. Aircraft engineering company Virgin Orbit Holdings Inc (NASDAQ: VORB) has revealed plans to halt operations after failing to secure a funding lifeline as expected. The company’s CEO, Dan Hart, relayed the unfortunate news to employees on Thursday, adding that there would be a massive layoff. Before the move to halt operations, there were words on the street that Virgin Orbit was expecting…

Nikola Plans to Raise $100M in Secondary Common Stock Offering 

Like many other automakers, Nikola has been struggling to stay afloat in the sinking water of macroeconomic constraints. America’s leading manufacturer of wavy-duty commercial battery-electric vehicles Nikola Corporation (NASDAQ: NKLA), is planning to generate $100 million by offering shares of its common stock. The company announced on March 30 that it had started an SEC-registered underwritten public offering. Following news on the common stock shares offering, Nikola dropped over 7% in extended trading after closing down 6.67%. Nikola Announces Secondary Common Stock Offering According to the announcement, Nikola explained that the plan…