Stocktwits Adds Options Trading Amid Rising Interest From Traders
Portfolio Pulse from Khyathi Dalal
Stocktwits, a social media service for investors and traders, has added options trading to its platform. The company provides trading options across all asset classes including stocks, crypto, and other emerging investments. The options trading will be carried out through their wholly owned subsidiary and SEC-registered broker-dealer, ST Invest, LLC. The platform, which has over 8 million registered users, expects to widen its user base with the addition of execution functions to more asset classes.
September 20, 2023 | 1:36 pm
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Cboe is the operator of the largest platform for U.S. equity options. The company reported profit in the most recent quarter, led by a surge in options trading volume. Sifma trade group data indicates an average of 41 million equity options contracts traded daily in 2022 compared to only 20 million per day in most of the years prior to the pandemic.
The news of Stocktwits adding options trading to its platform indicates a growing interest in options trading among retail investors. As Cboe operates the largest platform for U.S. equity options, this growing interest could potentially lead to increased trading volumes on Cboe's platform, positively impacting its revenues and profitability.
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