Re:Robinhood S-1 IPO
by starguide77 on Thursday July 01, 2021 @06:59PM
(#27705942)
When you say "It’s awful at order execution, so you get worst prices on things." What does "worst price" represent? How do you get a "Worst price" than anywhere else?
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If you're willing to read a lot, this is a decent overview:
https://www.stockbrokers.com/guides/order-execution
Also here's the disclosure from IBKR, which is probably the polar opposite from robin hood in terms of favorable order execution
https://gdcdyn.interactivebrokers.com/Universal/servlet/Regi...
I know the first link said fidelity is better, but that's fidelity vs ibkr-lite, not ibkr-pro.
Re:Robinhood S-1 IPO
by mister_pea on Thursday July 01, 2021 @07:20PM
(#27706119)
Robinhood sells to/executes orders through high frequency trading firms like Citadel and (I think) Two Sigma. Because Robinhood isn't connected directly to, say, the NYSE, these HFT firms essentially buy the security and sell it to you for a slightly higher price. TBF, other companies do this too; like, TD Ameritrade, Schwab and E*Trade.