other material
confidence high
sentiment neutral
materiality 0.45
Robinhood publishes Q2 2024 Rule 606 reports; top PFOF payments to Citadel, Virtu, Jane Street
Robinhood Markets, Inc.
- For S&P 500 stocks April 2024, Virtu received 60.86% of non-directed orders and paid $216,283 PFOF; Citadel $186,364.
- For non-S&P 500 stocks April 2024, top PFOF: Citadel $964,592, Jane Street $843,485, Virtu $519,027.
- Robinhood Securities passes 80% of PFOF revenue to Robinhood Financial under revenue-sharing agreement.
- Report covers monthly data for April, May, June 2024 for both stocks and options.