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can anyone put this on layman terms, from what I understood 1) a robin hood trader submits order 2) robin hood routes it to principal trading firm for a small
by totaldude87 6y ago
can anyone put this on layman terms, from what I understood
1) a robin hood trader submits order
2) robin hood routes it to principal trading firm for a small amount
3) principal trading firm executes trades and makes profit by selling or matching order on other end? (this i got from a high frequency trading book )
so robin hood was fined because, they got more money for this? or customers have to pay more for a stock since it goes via robin hood, how the customer was affected ?
- CarelessExpert 6y ago> or customers have to pay more for a stock since it goes via robin hood, how the customer was affected ? That one. It's a bit complicated but the gist is the price Robinhood customers pay for their securities is worse than it could be due to the deals RH has with their trading partners.