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Alphacution Finds Some Regulatory Data to Be Messy

Alphacution Finds Some Regulatory Data to Be Messy
tradersmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradersmagazine.com Daily Mail and Mail on Sunday newspapers.

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Robinhood Raked In At Least $110 Million From 'Meme Stock' Rally


Robinhood Raked In At Least $110 Million From ‘Meme Stock’ Rally
Stock trading app Robinhood took in at least $110 million from the so-called meme stock rally that sent share prices of retailer GameStop and other struggling companies soaring earlier this year.
The amount in fees the digital trading platform gets from selling its users stock orders to other Wall Street firms rose to $331 million in the first three months of the year, according to an analysis posted online earlier this week by market research firm Alphacution. That was up from $221 million in the last three months of 2020. The increase is also more than the $91 million Robinhood got from those same fees a year ago. ....

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