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Moviepass was bought by what is, primarily, an analytics firm. Though apparently so is Robinhood. https://seekingalpha.com/article/4205379-robinhood-making-mil
by mikeryan 8y ago
Moviepass was bought by what is, primarily, an analytics firm. Though apparently so is Robinhood.
https://seekingalpha.com/article/4205379-robinhood-making-millions-selling-millennial-customers-high-frequency-traders https://seekingalpha.com/article/4205379-robinhood-making-mi...
- pbreit 8y agoThis article implies for example that on a $10,000 trade that Robinhood would be compensated $0.80 (0.00008 per $1 of trade). That seems pretty modest.
- tptacek 8y agoThat's not "analytics"; that's order internalization, something almost every retail brokerage does†, both because they get paid to do it and because it improves outcomes for their customers. † You could argue either way about whether IB gets paid to "internalize" orders or whether the order flow rebates they get are something else.