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How do you know this ?
by victorbojica 6y ago
How do you know this ?
- DennisP 6y agoI read a bunch of articles today and yesterday. Robinhood outsources their order execution to Citadel, which handles more than just Robinhood trades. Or actually, "outsources" is a misnomer because Citadel pays them for the orders, so they can make money front-running them. That's why Robinhood trades are "free" for their retail users. You don't pay a fee but you get a slightly worse price. Citadel also, fwiw, just loaned $2.5B to a fund with a lot of short exposure to GME.