Robinhood has slashed the percentage of orders it sends to Citadel Securities as competition among HFTs heats up - The Block

in dlike •  6 years ago 

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Robinhood, a darling of millennial stock traders, has slashed the percentage of trades it sends to one of the largest high-frequency firms, a move that might reflect competition for Robinhood’s order flow among high-frequency trading firms is heating up.  The firm, which is valued at $5.6 billion, makes 40% of its revenues by routing its …


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