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Robinhood Raises $3.4 Billion To Fuel Record Customer Growth - Round Led By Ribbit Capital With Participation From Existing Investors Including ICONIQ Capital, Andreessen Horowitz, Sequoia, Index Ventures, And NEA

Date 01/02/2021

Robinhood has raised $3.4 billion to continue to invest in record customer growth, including $1 billion in funding announced on January 29. This funding is a strong sign of confidence from investors and will help us build for the future and continue to serve people through the exponential growth we’ve seen this year. 

SIX Trading Key Figures: January 2021

Date 01/02/2021

In January 2021 trading turnover on the Swiss Stock Exchange was up 7.6% compared to the previous month and reached CHF 128.4 billion, while the number of transactions increased by 11.6% to a total of 7,219,992. In comparison with January 2020, trading turnover was up by 0.2% while the number of trades rose by 17.4%. The SMI® fell by 1.1% and reached 10,591.1 points at the end of January.

Readout: US Secretary Of The Treasury Janet L. Yellen’s Call With Deputy Prime Minister And Finance Minister Taro Aso Of Japan

Date 01/02/2021

Earlier today, Secretary of the Treasury Janet L. Yellen spoke with Deputy Prime Minister and Finance Minister Taro Aso of Japan. Secretary Yellen underscored the importance of the U.S.-Japan alliance and conveyed her intention to deepen economic and financial cooperation with Japan to strengthen both economies. The Secretary conveyed her readiness to work closely with Japan, both bilaterally and multilaterally, to address key regional and global challenges such as the economic response to the COVID-19 pandemic and climate change.

Qolo Announces Embedded Processing Capability And Platform Licensing Through Its 100% Native Cloud Infrastructure - The Next-Gen Payments Hub Becomes The First In The Payments Industry To Offer Seamless Optimization And Transaction Processing, As Well As Greater Scalability

Date 01/02/2021

Qolo, the B2B payments hub for the New Economy, today launched its INTERACT embedded processing functionality and platform licensing solutions through its 100% native cloud capability, an industry first. 

MGEX Reports January 2021 As The 23rd Best Electronic Month

Date 01/02/2021

MGEX, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), completed January 2021 with a total of 238,733 contracts traded, making it the second-best January in history. Compared to January 2020, there was a 36% increase in total volume.

The Alternative Investment Management Association (AIMA), The Global Representative Of Alternative Investment Managers, Has Appointed Sarah Riley As Its New US Director, Extends Its Relationship With Texas Alternative Investment Association (TAIA)

Date 01/02/2021

Ms. Riley joins AIMA from the Texas Alternative Investments Association (TAIA) where she served most recently as President and Chief Executive Officer. Under her strategic leadership, the organization has expanded to include all alternative investment strategies and partnerships with key industry stakeholders. She has nearly a decade of experience in both non-profit and financial services industries and has been a strategic advisor to non-profit organizations in both the UK and US. Sarah is based in Austin, TX.

BIS - Answering The Queen: Machine Learning And Financial Crises

Date 01/02/2021

Summary

Focus

Financial crises wreak economic, social and political havoc. They impose large fiscal costs, driving up public debt and disrupting our societies. Designing and implementing policies that reduce the chances of a crisis occurring – as well as its costs – requires the build-up of risk in the economy to be recognised at an early stage. This paper is an attempt to restore some imagination to the economics of crises.

Aberdeen Standard Investments Selects FTSE Russell’s Green Revenues 2.0 To Comply With Incoming EU Taxonomy

Date 01/02/2021

• Aberdeen Standard Investments (ASI) license FTSE Russell’s enhanced Green Revenue 2.0 Data Model, launched in September 2020, for the multi-asset climate solutions fund
• ASI’s new multi-asset climate solutions fund will use the data to identify investment opportunities and to comply with the EU Taxonomy requirements, set to come into force by the end of 2021
• The enhanced data model provides comprehensive coverage of 10 sectors, 64 sub-sectors and 133 micro-sectors
• Research shows that the green economy is worth approximately $4 trillion, representing 5% of the market capitalisation of all global listed companies

MIAX Options Exchange - Final Reminder: Mandatory MEI Changes Prior To February 16, 2021

Date 01/02/2021

As previously announced in the January 4th Alert, MIAX Options Exchange published updated Interface Specifications.

Market Commentary On Bitcoin, Base Layer For An Emerging Alternative Financial System: Paolo Ardoino, CTO, Bitfinex

Date 01/02/2021

Paolo Ardoino, chief technology officer of crypto exchange Bitfinex said:

"Bitcoin’s recognition as a ‘good thing’ has always seemingly been judged according to its price. Yet amid more feverish speculation in frothy markets, it is important to remember the underlying vision behind the king of crypto. Bitcoin is the base layer of an emerging alternative financial system. The discontent that has erupted as the r/WallStreetBets Reddit group does battle with citadels may well add further fuel to bitcoin’s ascent."