Robinhood releases Q1 2023 Rule 606(a) order-routing reports

Robinhood Markets, Inc.

All non-directed orders in S&P 500, non-S&P 500, and options routed 100% to affiliate Robinhood Securities, LLC.
RHF reports zero net payment for order flow for all order types across all three months of Q1 2023.
RHS receives PFOF from third-party venues and passes 80% of revenue to RHF under a cost-sharing agreement.
Fractional-share, dollar-based, and certain recurring-investment orders are excluded as 'not held' and outside report scope.

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