US needs to prepare markets for the risk of a Chinese invasion of Taiwan

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The author is chief executive of GTS, a market making and proprietary trading firm The past few years have shown investors that they should expect the unexpected in geopolitics. Russia’s full-scale invasion of Ukraine and … Read more

India on track for record IPO year

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India is on track for a record year in initial public offerings after the value of primary listings reached their highest year-to-date level on the back of interest rate cuts and strong domestic demand for … Read more

Citadel Securities buys Morgan Stanley’s electronic options market making unit

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Griffin’s Citadel Securities has bought Morgan Stanley’s electronic options market making business, underscoring how high-frequency trading firms now dominate an industry once ruled by Wall Street banks. Citadel purchased both the underlying business from … Read more

Pentagon strikes investment deal with US critical minerals producer

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Pentagon is making a $400mn direct investment in a US rare earths producer, in an unusual arrangement highlighting the Trump administration’s determination to break Chinese dominance of critical minerals and bolster domestic supply chains. … Read more

Trading firms Virtu and Citadel Securities clash over new options exchange

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Virtu Financial has come out against rival Citadel Securities’ attempts to block the opening of a new US options exchange, as the high-speed trading giant wades into a dispute over market structure that has sucked … Read more

a bold story with a fairytale valuation

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Once upon a time, Robinhood merely offered trading in companies with outlandish valuations. Now, the online broker has become one itself. Founder Vlad Tenev is building a fast-expanding empire whose affinity with cryptocurrencies fits the … Read more

The US throws a lifeline to the green hydrogen industry — will it be enough?

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Welcome to Energy Source, coming to you from New York. Donald Trump has continued to wage his trade … Read more