Robinhood's payment for order flow numbers reveal money-making

Robinhood is known for working with market makers like Citadel to get payments for sending its customers’ trades to them for execution. That, and more frequent trading, means Robinhood generates far more money than established brokers for every dollar in a customer’s account.

What is payment for order flow? Robinhood's model, explained - Protocol

Payment For Order Flow Business Visualized, by Diego Alvarez

Payment for Order Flow Data, Analysis and Insights 2023

Robinhood's payment for order flow won't be challenged by the SEC. We're living in Robinhood's world now.

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How Does Robinhood Make Money? - FourWeekMBA

Payment for Order Flow Data, Analysis and Insights 2023

Robinhood's Lucrative Options-Trading Platform Attracts Mounting Scrutiny - BNN Bloomberg

Payment for Order Flow (PFOF): Explaining the Controversial Trading Practice. - Barron's

Robinhood made more than $600 million from payment for order flow revenue in 2020

Wall Street firms paid almost $3bn last year for retail brokers' trades

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