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A comment on Robinhood S-1 IPO. Parent comment

Re:Robinhood S-1 IPO by capitalsigma on Thursday July 01, 2021 @10:33PM (#27707319)
> RH stopping all GME purchases was market-moving news and citadel got to know before anyone else, to the detriment of those RH users that were long GME.

Yes, that is the point of paying for order flow. That is doubtless why RH users don't pay commissions.

[ Parent | on HN ]
Re:Robinhood S-1 IPO by bidirectional on Friday July 02, 2021 @05:08AM (#27709372)
No it's not, payment for order flow allows market makers to fill non-market-moving customers at better prices, capturing the spread. You're spreading harmful misinformation.
[ Parent | on HN ]