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By deriving revenue from order flow rather than a per-transaction fee, they’ve effectively made trading fees progressive. That is, a college student getting the
by kevinventullo 6y ago
By deriving revenue from order flow rather than a per-transaction fee, they’ve effectively made trading fees progressive. That is, a college student getting their wet buying a few shares of Apple pays less than someone moving around $100k‘s worth of equity from one index fund to another.
Kinda fits the Robinhood moniker, right?