<story><title>Robinhood Said to Get 40% Revenue from HFT Firms Like Citadel (2018)</title><url>https://www.equities.com/news/robinhood-is-said-to-get-40-revenue-from-hft-firms-like-citadel</url></story><parent_chain></parent_chain><comment><author>sxp</author><text>They got hit with a $65M SEC settlement for this last December: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Robinhood_(company)#SEC_Probe_on_Selling_Clients&amp;#x27;_Orders&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Robinhood_(company)#SEC_Probe_...&lt;/a&gt;&lt;p&gt;This is a clear case of &amp;quot;if you&amp;#x27;re not paying for the product, you are the product&amp;quot;.</text></comment>
<story><title>Robinhood Said to Get 40% Revenue from HFT Firms Like Citadel (2018)</title><url>https://www.equities.com/news/robinhood-is-said-to-get-40-revenue-from-hft-firms-like-citadel</url></story><parent_chain></parent_chain><comment><author>gennarro</author><text>&amp;gt; 40% of Robinhood&amp;#x27;s revenues earlier this year were derived from selling its customers&amp;#x27; orders to firms&lt;p&gt;This has been openly known for years now. The article presents it as “stealing” but it’s really more the case of data leakage and the market becoming less optimal. Free trading isn’t possible without something to pay for it unfortunately.</text></comment>