Robinhood helped make stock trading fast, fun, and free. For better or for worse, this is the future.
to commission-free trading is Robinhood. The company says its mission is to “democratize finance,” and while that’s brandspeak, it’s a fair reflection of how it has operated. More people are going to be more inclined to do something if they aren’t paying a fee. Robinhood helped to build that world.Something has to replace commissions, because brokers still have to make money. What Robinhood settled on was a practice called payment for order flow.
. Payment for order flow for crypto is slightly different but mechanically similar; Robinhood calls it “transaction rebates.”For the past year, a cloud has hung over Robinhood and, to a lesser extent, the rest of the online brokerage industry. The Securities and Exchange Commission, and its chairman, Gary Gensler, said in August 2021 that the SEC might ban the practice.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Korean crypto bank partners with Blockdaemon to offer retail staking servicesKorean-based crypto company happydelio will now offer retail staking services, thanks to a partnership with Blockdaemon.
Leer más »
Canada: BoC to deliver another 50bps hike in October despite weak retail sales - CIBCData released on Friday showed a 2.5% decline in Canadian retail sales in July, a larger-than-expected slide. Analysts at CIBC, still see the Bank of
Leer más »
Use Cases and Roll-Out Tips for Image Recognition in Retail | HackerNoon'Use Cases and Roll-Out Tips for Image Recognition in Retail' by ITRexGroup imagerecognition imageprocessing
Leer más »
Ethereum Whales Rapidly Dropped Their Holdings After Merge, Here's Why$ETH is heading toward a new low as more than 2% of all funds held by whales were dropped on the market after the Merge
Leer más »
China's social media sales machine Li Jiaqi suddenly returns after mystery absence, just in time for a retail bonanzaIt had been more than 100 days since Li Jiaqi, one of China's most prominent and profitable social media influencers, was abruptly cut off during a live stream and his social media channel went dark, without any explanation. Now, he's back.
Leer más »
What to expect when Costco reports earnings after the closing bell ThursdayRetail powerhouse Costco, which is set to release strong fiscal fourth-quarter results on Thursday, remains a top Club pick.
Leer más »