Latest news with #KatherineDoherty
Yahoo
29-05-2025
- Business
- Yahoo
Wall Street Giant Posts Record-Breaking Revenue
Citadel Securities is reporting record profit and trading revenue in the first three months of the year, with $3.4 billion in net trading revenue and $1.7 billion in net income. Bloomberg's Katherine Doherty joined Wall Street Beat on Bloomberg Open Interest to talk about what was behind the blow-out quarter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
28-05-2025
- Business
- Bloomberg
Wall Street Giant Posts Record-Breaking Revenue
Citadel Securities is reporting record profit and trading revenue in the first three months of the year, with $3.4 billion in net trading revenue and $1.7 billion in net income. Bloomberg's Katherine Doherty joined Wall Street Beat on Bloomberg Open Interest to talk about what was behind the blow-out quarter. (Source: Bloomberg)
Bloomberg
31-03-2025
- Business
- Bloomberg
Trump Media Will Become First Listing for NYSE's Texas Outpost
By , Katherine Doherty, and Annie Massa Save President Donald Trump's media venture is forging a symbolic link to Texas, becoming the first company to list on the New York Stock Exchange's upstart outpost in the Lone Star State. Trump Media & Technology Group Corp. will list warrants tied to its shares on the new NYSE Texas while maintaining a primary listing on the Nasdaq. The move — along with plans to switch its corporate headquarters to Florida — is part of efforts to align the company with states that are friendly to conservative values, according to Chief Executive Officer Devin Nunes.
Yahoo
11-03-2025
- Business
- Yahoo
Singapore Exchange to list open-ended Bitcoin futures contracts
By Bernard Goyder and Katherine Doherty (Bloomberg) – Singapore Exchange plans to list Bitcoin perpetual futures as traditional exchanges push deeper into crypto derivative markets. Singapore's largest exchange group intends to launch the contracts in the second half of 2025, a spokesperson said in an emailed statement. The company will strictly target institutional clients and professional investors, with retail customers barred from trading the instruments. The move is the latest sign that established exchange operators are branching out into Bitcoin derivatives, as US President Donald Trump's pro-crypto agenda boosts demand for digital assets exposure. Bloomberg News reported on March 4 that Japan's Osaka Dojima Exchange, which traces its roots to the 18th century, is planning to seek approval to list Bitcoin futures. SGX hopes to act as a bridge between regulated financial markets and the freewheeling world of cryptocurrency trading. The firm thinks its offering will 'significantly expand institutional market access,' the spokesperson said. The planned products are still awaiting approval from the Monetary Authority of Singapore. Perpetual futures – which have no expiry date – are a way for traders to bet on price changes in an underlying asset without needing to own the asset itself. SGX isn't the only exchange looking to launch the contracts in Singapore: in January 2024, Hoboken, New Jersey-based EDX Markets, a digital-asset firm backed by Citadel Securities, revealed plans to offer the instruments in the city-state. Perpetual contracts are a staple of offshore cryptocurrency venues like Binance and OKX. They were also a mainstay of FTX Co-Founder Sam Bankman-Fried's collapsed crypto empire. Doing business with crypto exchanges creates credit risk for counterparties. The short history of crypto trading is littered with episodes of stolen assets and failed exchanges. The SGX spokesperson said its Aa2 rating from Moody's will offer a trusted alternative for trading crypto futures. The idea of a perpetually rolling future is an approach already common in the commodity markets. Japan Exchange Group, for example, offers investors 'rolling-spot' gold futures, giving them exposure to the current gold price without having to worry about gold bars arriving on their doorstep. The contracts were first developed by the crypto exchange BitMEX in 2016, Bloomberg News reported previously. The contracts use a mechanism similar to some swap contracts: if a position is in the money, one party must pay the other, a situation that reverses if the contract falls out of the money. Conventional futures in Bitcoin and Ether that expire at a particular date are already widely offered by US exchanges. In October 2024, Chicago-based exchange and clearing house Bitnomial said it wants to launch perpetual futures in the US market using a new technology platform called Botanical. More stories like this are available on ©2025 Bloomberg L.P.
