I am testing out this new workflow to manually open certain charts based on my active reports you could trade. I am hoping to catch some breakouts with my custom Reversing MACD strategy. Let see what happens based on what you watch in this video.
70% of their revenue is from order flow to HFT operating. They will basically front load your order flow before your RobinHood order is complete. Feel better know?
Robinhood’s entire business is built on selling its customers’ orders to trading titans like Citadel Securities. At Schwab, so-called PFOF or “payment for order flow” only accounts for 3% of revenues. ETrade, 17%.
This should be illegal but the daft Congress are too stupid to now!
Instead of taking fees on the front end in the form of commissions, Tenev and Bhatt would make money behind the scenes, selling their trades to so-called market makers—large, sophisticated quantitative-trading firms like Citadel Securities, Two Sigma Securities, Susquehanna International Group and Virtu Financial. The big firms would feed Robinhood customer orders into their algorithms and seek to profit executing the trades by shaving small fractions off bid and offer prices.
It seems crypto overall is even crushing to the successful fund of Jim Simons. Here are some article highlights to show things ain’t working out for some reason
While the Renaissance Institutional Equities Fund gained 2.4% last month, it was still outpaced by equities for the year, a rarity in the four-decade history of the firm founded by Jim Simons. Its two market-neutral funds didn’t fare any better.
The market-neutral Renaissance Institutional Diversified Alpha Fund fell 0.6% and the Renaissance Institutional Diversified Global Equities Fund rose 0.4% last month, according to a person familiar with the matter. They’re down about 20% and 18.6%, respectively, for the first seven months of 2020.