other material
confidence high
sentiment neutral
materiality 0.15
Robinhood publishes Q4 2023 order routing reports under SEC Rule 606(a)
Robinhood Markets, Inc.
- S&P 500 stocks: Virtu received 43% of non-directed orders, Citadel 29.79%, G1 Execution 14.06%, Jane Street 9.47%.
- PFOF from Citadel for S&P 500 market orders: $75,230.46 (48.0873 cents per 100 shares).
- Non-S&P 500 stocks top venues: Citadel 35.39%, Virtu 27.66%, Jane Street 26.15%, G1 Execution 5.80%.
- RHS passes 80% of venue payments to RHF under revenue-sharing agreement; certain order types excluded.
- Reports are unaudited and cover Q4 2023 (October–December 2023).