Webull began offering eligible customers CME Group's nano-sized S&P 500 and Nasdaq-100 futures on September 14, each contract a tenth the size of a Micro E-mini. The launch followed the broker's best quarter ever, reported August 19 for the quarter ended June 30, when revenue reached $198.8 million, up 51% from a year earlier, and trading-related revenue rose 66% to $147.7 million. Total operating expenses grew 13%, swinging the company from a pre-tax loss of $21.4 million a year ago to pre-tax income of $34.7 million. Options volume hit 213 million contracts, up 34% from the prior quarter, and customer assets climbed 79% from a year earlier to $28.5 billion, while registered users rose 13% to 28.2 million and funded accounts grew only 8% to 5.13 million. Webull also launched in Spain, Argentina, and Colombia and is now licensed in 35 markets, though the company has not disclosed how much futures trading contributes to revenue.
Webull CorpWebull launched nano-sized S&P 500 and Nasdaq-100 futures, expanding its product offering after a record quarter.
CME Group IncWebull's new nano futures are CME Group products, potentially driving more CME contract volume.
Taishin Financial Holding Co Ltd
