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A comment on Robinhood Making Millions Selling Out Their Millennial Customers to HFTs.

Re:Robinhood Making Millions Selling Out Their Millennial Cu... by nickthemagicman on Monday September 10, 2018 @11:22PM (#17956955)
I don't understand how this works? The stock price is the same for the buyer on RobinHood or does RobinHood raise the price in anticipation? I don't get it.
[ Parent | on HN ]
Re:Robinhood Making Millions Selling Out Their Millennial Cu... by OldHand2018 on Tuesday September 11, 2018 @01:23AM (#17957363)
> The stock price is the same for the buyer on RobinHood or does RobinHood raise the price in anticipation?

What this article is suggesting is that if you are going to place an order for some stocks and, all else being equal, if you place that order with Robinhood there is a chance that the price for you the buyer is slightly higher (you probably care about this) and/or the price that the otherwise-would-have-been seller receives is slightly lower (you might not care about this).

[ Parent | on HN ]