by The Economist reports about the “ostensibly free online services” provided by Robinhood, a share-trading app. Instead of taking commissions from customers, Robinhood receives them from the trading venues to which it steers their orders, a controversial but common practice. It also earns returns from the cash clients leave in their accounts, and plans soon to offer margin trading—the buying of stock with borrowed money—for which it will charge a fee. Earlier posts on fintech.
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Dirk Niepelt considers the following as important: Application, Bank, Brokerage, Financial service, Fintech, Notes
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The Economist reports about the “ostensibly free online services” provided by Robinhood, a share-trading app.
Instead of taking commissions from customers, Robinhood receives them from the trading venues to which it steers their orders, a controversial but common practice. It also earns returns from the cash clients leave in their accounts, and plans soon to offer margin trading—the buying of stock with borrowed money—for which it will charge a fee.