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The Inside Story Of Robinhood’s Billionaire Founders, Option Kid Cowboys And The Wall Street Sharks That Feed On Them

On Aug 19, 2020
@LizLum shared
"Options Trades are Prime Steak for Robinhood’s real customers, the Algorithmic Quant Traders." https://t.co/EeGpSWfxWl
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Members of this online enclave are partying, quite literally, like it’s 1999—the infamously frothy day-trading year before the dot-com bubble burst in March 2000.

www.forbes.com
On Aug 19, 2020
@LizLum shared
"Options Trades are Prime Steak for Robinhood’s real customers, the Algorithmic Quant Traders." https://t.co/EeGpSWfxWl
Open

The Inside Story Of Robinhood’s Billionaire Founders, Option Kid Cowboys And The Wall Street Sharks That Feed On Them

The Inside Story Of Robinhood’s Billionaire Founders, Option Kid Cowboys And The Wall Street Sharks That Feed On Them

Members of this online enclave are partying, quite literally, like it’s 1999—the infamously frothy day-trading year before the dot-com bubble burst in March 2000.

Who gets to be reckless on Wall Street?

Who gets to be reckless on Wall Street?

Regular investors are piling into the stock market for the rush. Wall Street titans say they’re making a grave mistake, but it’s not so simple.

alice bamford & donald mackenzie

alice bamford & donald mackenzie

If speech can—in the famous argument of J. L. Austin—not only be true or false, but also do things, what about economic models? And what about when models go wrong, or actually undermine ...

Robinhood Investing App Secretly Makes Millions Selling Millennials' User Data To HFT Firms

Robinhood Investing App Secretly Makes Millions Selling Millennials' User Data To HFT Firms

"This raises questions about the quality of execution that Robinhood provides if their true customers are HFT firms...What the millennials day-trading on Robinhood don't realize is that ...

A group of Wall Street firms are planning to launch a stock exchange that should 'scare the living daylights out of NYSE and Nasdaq'

A group of Wall Street firms are planning to launch a stock exchange that should 'scare the living daylights out of NYSE and Nasdaq'

Nine market participants, including Morgan Stanley, Fidelity, and Citadel, are planning to launch an equities exchange.

Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

Robinhood is close to securing its latest funding round in which the mobile trading app will be valued at $7 billion and possibly even $10 billion.

U.S. online brokers still profiting from 'dumb money'

U.S. online brokers still profiting from 'dumb money'

People who trade stocks online cheered last week when several large retail broke...

Charles Schwab is ending commissions on stock trading and the brokerage shares are tanking

Charles Schwab is ending commissions on stock trading and the brokerage shares are tanking

Shares of Schwab fell more than 10% in response to the move. Competitor TD Ameritrade lost 26%, on track for its worst day since 1999.

How Discount Brokerages Make Money

How Discount Brokerages Make Money

A discount brokerage maintains many large, boring computer programs which interface with clearing, custody, and settlement firms and the banking system to move bits representing money ...

Wall Street launches new stock exchange, taking direct aim at NYSE and Nasdaq

Wall Street launches new stock exchange, taking direct aim at NYSE and Nasdaq

The New York Stock Exchange and Nasdaq are hearing some footsteps behind them today.

MARKETS DAILY: Russian Drugs and The Most Illegal ICO Ever?

MARKETS DAILY: Russian Drugs and The Most Illegal ICO Ever?

With bitcoin recovering after four straight days of decline, we're talking about what may be the most illegal ICO ever, tokens for Mongolian taxi fares...