secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001783879-23-000250
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Robinhood files Q3 2023 Rule 606 reports showing Virtu received 53.7% of S&P 500 orders
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- Virtu received 53.68% of S&P 500 non-directed orders; Citadel 23.10%; Jane Street 8.48%; G1 11.56%.
- Total PFOF for S&P 500 market orders: Virtu $126K, Citadel $67K, Jane Street $50K, G1 $72K.
- For non-S&P 500 stocks, Citadel received 38.19% of orders; Virtu 25.48%; Jane Street 25.27%.
- RHS passes 80% of PFOF revenue to RHF under a revenue and cost allocation agreement.
- Reports exclude orders for fractional shares, dollar-based orders, and certain recurring investment programs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000178387923000250/0001783879-23-000250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000178387923000250/hood-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001783879-23-000250

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