The companies, products and regulatory developments shaping the broker industry.
The xStocks expansion adds more than 200 UK and EU names and passes 1,500 tokenised assets. The traditional share-custody chain, distribution rights and geographic restrictions remain critical.
Webull has opened its investing platform in Italy from its Amsterdam-centred EU operation; product availability and pricing still depend on the local contract and securities.
Virtu’s own segment reconciliation shows nearly all the third-quarter gain in adjusted net trading income came from principal market making rather than agency execution services.
A reconstruction of Goldman Sachs’ third-quarter revenue bridge finds 61% of the year-on-year equities gain came from financing, changing how the headline trading expansion should be read.
The vendor’s market dataset records 20% annual global growth and a sharp regional split: Asia-Pacific equity lending accelerated while North American equity revenue fell despite larger balances.
FXBrokers.ai calculations from TMX’s raw October totals show a sharp divergence: all-equities share volume fell 31.8% year on year, but traded value rose 9.4% and transaction count fell only 3.5%.
Cboe BZX plans to let members choose, in 30-minute increments, when a pre-market order becomes eligible to execute, while preserving time priority and extending existing acceptance restrictions to the later selected start.
New bookable D-Peg orders would rest instead of first seeking midpoint execution when their selected instability or imbalance indicator is on. IEX will announce the implementation date separately.
Jurisdiction-specific relief preserves the existing ceiling for eligible interlisted shares and ETF units, changing the assumptions behind November execution-cost budgets.
The new exchange’s corporate tariff gives issuers a strong financial reason to move their primary listing rather than add a second venue.
The Rule 7.10 rewrite separates price-band failures from other review cases and would bring unresolved decisions forward for T+1 settlement.
Third-quarter results show how financing clients’ positions can earn alongside trade execution. Goldman’s financing revenue overtook intermediation, while Morgan Stanley’s broader equity gains came with higher execution and technology costs.
The October rollout extends access beyond the US session and changes how eligible positions are valued. Separate account and order settings govern participation, while XTB’s Polish execution policy explains why an overnight market or stop order may only partly fill.
The 13books-led investment backs broader market coverage and platform development. The business already connects institutional clients with more than 60 market makers and offers trading without platform taker fees.
The proposed overhaul would lower the entry ticket for SME offers and separate it from secondary-market trade sizes, alongside revised issuer eligibility and allocation rules.