Robinhood collected $331 million in payment for order flow in the first quarter of 2021, according to a recent Securities and Exchange Commission regulatory filing.Robinhood is expected to go public on the Nasdaq in the first half of 2021.Robinhood raked in a record amount of revenue from customer trades in the first quarter of 2021, as the retail trading juggernaut nears its public debut.
This compares to the $221 million Robinhood earned from payment for order flow in the fourth quarter of 2020 and the $91 million earned in the first quarter of 2020.payment for order flow Market makers, such as Citadel Securities or Virtu, pay e-brokers like Robinhood for the right to execute customer trades. The broker receives a small fee for the shares that are routed, which can add up to millions when customers trade as actively as they have this year.in the first half of 2021 — made $133 million in in payment for order flow from equity trades, while $198 million came from options trading.
The Silicon Valley start-up found itself in the middle of a firestorm in January amid the short squeeze in GameStop, which was partially fueled by Reddit-driven retail investors. JMP Securities estimates Robinhood added nearly 6 million new clients in the first two months of the year.
Nobody cares about them... Stop trying to make Robinhood “Fetch” We know who you serve, and it ain’t the people.
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