Lion Group climbs as unit receives trading license from Singapore
04/10/2021 17:55
** Shares of investment holding company Lion Group Holding
Ltd LGHL.O up 11.5% to $1.67
** Stock rises for a third straight session
** Co's subsidiary Lion International Financial Singapore
Pte Ltd (Lion Singapore) has been granted a capital markets
service license (CMS license) from the Monetary Authority of
Singapore urn:newsml:reuters.com:*:nPn7xl9sNa
** The CMS license allows Lion Singapore to deal in
exchange-traded derivatives contracts, over-the-counter
derivatives contracts and spot foreign exchange contracts for
the purposes of leveraged foreign exchange trading
** LGHL now has licenses in Hong Kong, Singapore, Cayman
Islands and Dubai and intends to establish its new office and
have dual headquarters in Hong Kong and Singapore
** As of last close, stock had fallen 22.3% YTD
(Reporting by Devik Jain in Bengaluru)
((Devik.Jain@thomsonreuters.com; within U.S. +1 646 223 8780;
outside U.S. +91 80 6182 2062; ;))