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ETOR — eToro News Story

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Robinhood rise continues after FINRA ruling on day-trading limit

** Shares of retail trading platform Robinhood HOOD.O climb 7.9% to $85.37 premarket after jumping more than 10% last session

** Financial Industry Regulatory Authority (FINRA) said in a regulatory filing on Tuesday it would replace current day-trading margin provisions with modern intraday margin standards

** Changes current day trading margin requirements that ban a trader from making more than four day-trades in a five-day period if their margin account has less than $25,000 in assets

** New margin standards now require customers to have enough equity in their account to cover the risks they run at that moment

** By removing old provisions FINRA said "more retail investors may choose to participate in the markets and pursue their preferred trading strategies"

** Trading platform eToro Group ETOR.O up 1% on Wednesday after rising 4.2% in last session; Interactive Brokers IBKR.O gains 1.4% after rising 3.4% in previous session

 (Reporting by Shashwat Chauhan in Bengaluru)

 ((Shashwat.Chauhan@thomsonreuters.com))

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