The Details: Tenev announced the launch of futures trading and index options trading in a major expansion of the platform's offerings. The Robinhood CEO said index options will be available for trading in the coming months with extended-hours trading available next year.
Tenev did not give a timeframe for the rollout of futures trading in his speech.
Robinhood's HOOD Summit 2024 features speakers, panel discussions and demonstrations on trading technology, investing and culture and continues through Oct. 18 in Miami, Florida.
HOOD Price Action: According to Benzinga Pro, Robinhood shares ended Wednesday's session 0.49% higher at $26.93. After-hours trading sees stock up 3.04% at $27.75.
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