Brokerage firm DriveWealth LLC on Monday (April 18) appointed Gayathri Rajan as chief product officer (CPO) and Harshal Deo as chief technology officer (CTO) to lead the company’s product and engineering teams, according to a company press release. The new hires will help DriveWealth “further...
In a consolidation move for the brokerage space, investment bank Morgan Stanley has announced it will acquire electronic trading platform E-Trade for $13 billion, according to a report by CNBC. Morgan Stanley will pay $58.74 per share in an agreement that will consolidate $3.1 trillion...
Silicon Valley startup Robinhood has signed over 10 million subscribers to its free stock-trading service, the company said in a blog post on Wednesday (Dec. 4). The company, which launched in 2013, attracts millennials interested in trading stocks and cryptocurrency. It quickly expanded to one...
Millennials aren’t investing as much as older generations — but engaging with them on their smartphones, which they’re always on, could change that. Providing that mobile experience, however, requires navigating a strict KYC and security minefield, says StockTwits CEO Ian Rosen. In this month’s AML/KYC...
September 26, 2022
Online broker Robinhood is upping the interest rate it pays to Gold members on uninvested cash held in brokerage accounts. Through Robinhood’s brokerage cash sweep program, Gold customers now earn 3% interest on uninvested funds retained in accounts, compared to 1.5% for non-gold users, according to a press release on Monday (Sept. 26). With the […]
April 18, 2022
Brokerage firm DriveWealth LLC on Monday (April 18) appointed Gayathri Rajan as chief product officer (CPO) and Harshal Deo as chief technology officer (CTO) to lead the company’s product and...
February 20, 2020
In a consolidation move for the brokerage space, investment bank Morgan Stanley has announced it will acquire electronic trading platform E-Trade for $13 billion, according to a report by CNBC....
December 04, 2019
Silicon Valley startup Robinhood has signed over 10 million subscribers to its free stock-trading service, the company said in a blog post on Wednesday (Dec. 4). The company, which launched...
