secwatch.observer — SEC 8-K summary
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Issuer:     Robinhood Markets, Inc. (HOOD)
CIK:        0001783879
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001783879-24-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Robinhood publishes Q4 2023 order routing reports under SEC Rule 606(a)
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783879/000178387924000030/0001783879-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783879/000178387924000030/hood-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001783879-24-000030

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer