Robinhood defends order routing to market makers, suggests decimal pricing
Robinhood proposes amending Rule 612 to allow exchanges to quote prices up to four decimal places for all stocks.
Robinhood proposes amending Rule 612 to allow exchanges to quote prices up to four decimal places for all stocks.
The existing two-day period to settle trades exposes investors and the industry to unnecessary risk and is ripe for change.
CEO Vlad Tenev: when things got tough and markets were volatile, Robinhood customers acted as a stabilizing force.