Robinhood’s revenues from equities and options order flow came to $91m for the period, with $39m from Citadel Securities. https://edition.cnn.com/.../wall-street-robinhood-citadel-iex/index.html https://www.ncrypted.net/blog/how-does-robinhood-make-money Nothing to do w/ unwanted attention from politicians and regulators? And while Robinhood made a not-too-shabby $247 million in 2020 from just selling access to your retail stock orders to such non-directed orderflow venue as Citadel, Vitru, Wolverine, Two Sigma, G1X, Morgan Stanley and others, it is the sale of option orderflow that has emerged as Robinhood’s golden goose, having generated an impressive $440 million in revenue in 2020. [OC] “They will suicide bomb their own business models to protect the real powers from the consequences of their internal contradictions. The startup, valued at $5.6 billion, was bringing in more than 40 percent of its revenue earlier this year from selling its customers’ orders to high-frequency trading firms, or market makers, like Citadel Securities and Two Sigma Securities, according to three people with knowledge of the matter, who asked not to be identified because the details are private. Robinhood Securities LLC - Held NMS Stocks and Options Order Routing Public Report Generated on Mon Jan 25 2021 11:07:12 GMT-0500 (Eastern Standard Time) 4th Quarter, 2020 October 2020 S&P 500 Stocks Summary Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit Orders as % of Non … https://blockworks.co/robinhood-sells-your-data-but-does-that-matter Citadel is an investor in funds betting against GME share price. Citadel paid $88 million to Robinhood in Q3 2020 for "order flow", making up nearly half of Robinhood's revenue. And while Robinhood made a not-too-shabby $247 million in 2020 from just selling access to your retail stock orders to such non-directed orderflow venue as Citadel, Vitru, Wolverine, Two Sigma, G1X, Morgan Stanley and others, it is the sale of option orderflow that has emerged as Robinhood’s golden goose, having generated an impressive $440 million in revenue in 2020. Citadel loaned $2.75 billion to Melvin before Melvin liquidated over GME. Karla, editor of the business newsletter Contention, told Motherboard. Robinhood Securities LLC - Held NMS Stocks and Options Order Routing Public Report Generated on ! 3rd Quarter, 2020 July 2020 S&P 500 Stocks Summary Non-Directed Orders as % of All Orders Market Orders as % of Non-Directed Orders Marketable Limit Orders as % of Non-Directed Orders Non-Marketable Limit An excellent [article by ZeroHedge] shows the coordination between Robinhood and its real customers: HFTs (High Frequency Traders) and other market makers. Robinhood's entire business is built on selling its customers’ orders to trading titans like Citadel Securities. Citadel is also Robinhood's biggest customer. Robinhood's primary business model is selling your buy/sell order flow to high frequency traders (HFTs), primarily to Citadel. Robinhood users thought the service was accountable to them, but actually it exists to serve giant Wall Street institutions like Citadel and other market makers,” J.E. In 2020, Citadel accounted for over 50% of online broker Robinhood's revenue. And while Robinhood made a not-too-shabby $247 million in 2020 from just selling access to your retail stock orders to such non-directed orderflow venue as Citadel, Vitru, Wolverine, Two Sigma, G1X, Morgan Stanley and others, it is the sale of option orderflow that has emerged as Robinhood’s golden goose, having generated an impressive $440 million in revenue in 2020. 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