Robinhood releases Q4 2025 SEC Rule 606 order routing reports

Robinhood Markets, Inc.

Reports cover October–December 2025 for Robinhood Financial and Robinhood Securities.
Virtu Americas received 46.3% of S&P 500 non-directed orders in October.
Citadel Securities paid $552k net for S&P 500 market orders in October.
Exhibits include detailed payment for order flow (PFOF) per venue and order type.
Unaudited reports provided without commentary; routine quarterly regulatory disclosure.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.