Who Pays for Robinhood Order Flow?

Added on by C. Maoxian.

We can see from the Robinhood Securities - Held NMS Stocks and Options Order Routing Public Report (PDF) that there are five firms that pay for all of Robinhood’s order flow:

  1. Citadel — 131 South Dearborn Street, Chicago, IL 60603

  2. Virtu — 165 Broadway, New York, NY 10006

  3. G1 — 175 West Jackson Boulevard, Suite 1700, Chicago, IL 60604

  4. Two Sigma — 100 Avenue of the Americas, 16th Floor, New York, NY 10013

  5. Wolverine — 175 West Jackson Boulevard, 2nd floor, Chicago, IL 60604