Re:Robinhood’s big gamble
by gruez on Wednesday May 19, 2021 @01:05PM
(#27211428)
>It’s looks like free but it isn’t, RH makes money by selling trading requests to high frequency trading firms like Citadel, which buy/sell before the actual order in a better position so they can earn a penny from selling to or buying from you.
That's literally not payment for order flow works, and it's illegal under regulation NMS.
That's literally not payment for order flow works, and it's illegal under regulation NMS.