Robinhood Mobile Trading App (Free)

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Robinhood Mobile Trading App (Free)

posted

I'm not trying to promote this, just thought it was interesting.
If anything the reverse, people googling for Robinhood app now might find their way to quantopian.com via this content. Or, I might be sort of hinting that gizmag can be a great way to wind down from a day of automated stock market code writing.

So with half a million users waiting to take part, can the effect of more traders generally be said to drive prices higher?

http://www.gizmag.com/robinhood-zero-commission-stock-trading-app/33963/

a pretty, user friendly iPhone app
zero-commission, zero minimum balance stock trading
started up by a couple of Stanford grads
trades can be executed in just a few steps

"There are nearly half a million users waiting to join once security and reliability testing is completed to the company's satisfaction.

How does Robinhood make a dime without charging fees for small trades? The company plans to charge for "premium services for active investors," as well as offering API access to its platform to other companies."

1 response

My first intuition is that if we don't pay the transaction fee they must be planing to make money selling our trades for HFT so their system would work as a bait for HFT to scalp and exploit or trades. So decided to check their website https://www.robinhood.com/about/ and there you are:

"After graduating from Stanford, roommates Vladimir Tenev and Baiju Bhatt moved to New York, where they built high-frequency trading platforms for some of the largest financial institutions in the world."

If it is too good to be true, it might not be that good.

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by Quantopian.

In addition, the material offers no opinion with respect to the suitability of any security or specific investment. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Quantopian nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an individual retirement or other investor, contact your financial advisor or other fiduciary unrelated to Quantopian about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal. Quantopian makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances.