Re:Robinhood launches 3% checking account
by jkqwzsoo on Thursday December 13, 2018 @02:38PM
(#18675292)
NMS regulations do not apply to "odd lots" (orders <100 shares). This likely constitutes 99.9999999999% of trades done on Robinhood (and most retail trading, to be fair).
Re:Robinhood launches 3% checking account
by y_molodtsov on Thursday December 13, 2018 @01:38PM
(#18674792)
In 2018 people like to scream about “selling their data” way too much.
Re:Robinhood launches 3% checking account
by justsayinstuff on Thursday December 13, 2018 @02:40PM
(#18675311)
In 2018 I'm still not being paid for my data.
But who's that "someone else"? It's not the robinhood customer, because they're getting at least the best price on NMS[1]. So what's the issue? Would you rather pay $10/trade so your trade gets posted directly to the exchange and the profit goes to some random investment bank or daytrader rather than the HFT firm?
[1] https://en.wikipedia.org/wiki/Payment_for_order_flow#Legalit...