Skip to navigationSkip to content
BEST BID AND OFFER

Robinhood is getting paid more than its rivals for stock trades

Reuters/Andrew Kelly
Getting paid to trade.
  • John Detrixhe
By John Detrixhe

Future of finance reporter

Professional traders appear to think Robinhood customers are extra valuable.

One of the ways retail brokerages, which cater to armchair investors, make money is by sending their customersโ€™ stock orders to professional trading companies. Brokerage app Robinhood charges higher rates for stocks than other large brokers: Trading outfits paid the the brokerage app about 0.0024 cents per share during the first quarter, amounting to more than $30 million of payments, according to Piper Sandler, an investment bank. Charles Schwab was paid 0.0011 cents per share, which came to $25 million of payments for the brokerage.

Enrich your perspective. Embolden your work. Become a Quartz member.

Your membership supports a team of global Quartz journalists reporting on the forces shaping our world. We make sense of accelerating change and help you get ahead of it with business news for the next era, not just the next hour. Subscribe to Quartz today.

ใ“ใกใ‚‰ใฏ่‹ฑ่ชž็‰ˆใธใฎ็™ป้Œฒใƒšใƒผใ‚ธใงใ™ใ€‚
Quartz Japanใธใฎ็™ป้Œฒใ‚’ใ”ๅธŒๆœ›ใฎๆ–นใฏใ“ใกใ‚‰ใ‹ใ‚‰ใ€‚