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Robinhood wasn't fulfilling orders though as far as I understand it? More like lead generation for Citadel, their market-maker? That seems like an issue for C
by wavefunction 6y ago
Robinhood wasn't fulfilling orders though as far as I understand it? More like lead generation for Citadel, their market-maker? That seems like an issue for Citadel to be concerned with rather than Robinhood.
- astrange 6y agoRobinhood is their own clearing broker. They send some market orders through people like Citadel Securities because it improves the price, but not all of them. (Note, RH was fined by the SEC for possibly not improving the price as much as they could. But they were not giving you a bad price, it was still better than the NBBO price!)