Robinhood

Robinhood, the startup brokerage, made two huge announcements Wednesday: It passed the six million customer mark, more than half the number of active accounts at mainstay retail brokerage TD Ameritrade (NASDAQ: AMTD). It had developed an internal technology for clearing and settling trades on its...

Startup brokerage Robinhood announced Wednesday it has developed a proprietary trade clearing system called “Clearing by Robinhood” that will let the company clear and settle all transactions on its trading platform. The company also announced it has recorded six million open accounts....

Robinhood is pushing back following allegations by a Seeking Alpha contributor that the company sells its order flow to exchanges at a higher rate than other discount brokerages, suggesting that Robinhood customers potentially receive lower execution quality and worse execution prices....

Online broker stocks took a hit Tuesday after CNBC reported JPMorgan Chase & Co. (NYSE: JPM) will introduce a new free trading service that will be available to its 47 million online and mobile banking customers starting next week. PreMarket Prep co-host Dennis Dick discussed the...

Competition in the mobile trading space is getting even hotter after JPMorgan Chase & Co. (NYSE: JPM) announced a brand new free digital trading application. CNBC's report of the new app sent shares of online brokerage stocks tumbling on Tuesday. What Happened? JPMorgan said the new trading...

The cryptocurrency market struggled again on Tuesday, with most major cryptocurrencies trading lower by more than 2 percent on the day. Here’s a look at some of the headlines that were moving the cryptocurrency market today — and which currencies were on the move. Headlines Popular...

Robinhood has added another highly anticipated feature to its commission-free trading platform. What Happened The disruptive brokerage app this week launched commission-free, multileg options trading on its platform. Since launching free options trading in December, Robinhood said it has done $2...

States may now be free to pursue legal sports betting, but due to high commissions, it's still a largely unprofitable venture for the bettor. The house still wins, but the development of a peer-to-peer betting network could ultimately decrease the commissions on bets that the house takes, which...

Industry juggernauts are under siege by eager and youthful competitors -- many of which can be seen at the annual Benzinga Global Fintech Awards. From the road to the laboratory and everywhere in between, startups are putting on the heat. Here are the most revolutionary neophytes of the fintech...

It’s been a busy few days for brokerages and robo advisors, and the early indications are in: retail investors were not only unfazed by the recent sell-off, but they were eager to buy the dip. "We saw a large spike in transaction volume and trading activity on the platform [Monday] as...