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A comment on Robinhood raises $323M at a $7.6B valuation. Parent comment
tl;dr - order flow is $$$, but interest is even better.
1- Interest
2- Commissions
3- Asset Management
4- Securities Lending
5- Payment for Order Flow
https://news.ycombinator.com/item?id=20276551
https://www.kalzumeus.com/2019/6/26/how-brokerages-make-mone...
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tl;dr - order flow is $$$, but interest is even better.
1- Interest
2- Commissions
3- Asset Management
4- Securities Lending
5- Payment for Order Flow
https://news.ycombinator.com/item?id=20276551
https://www.kalzumeus.com/2019/6/26/how-brokerages-make-mone...