Wow, Robinhood raised $1 billion in dash for cash, on top of its drawing down of hundreds of millions from its credit lineshttps://www.bloomberg.com/news/articles/2021-01-29/for-robinhood-a-dash-for-cash-after-traders-took-on-wall-street?srnd=premium …
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Replying to @TheStalwart
This is a powerful tool for citadel. They get “insider” knowledge with the order flow info. If they lose the platform, they lose the info. Time will tell but it may we’ll be toast after yesterday.
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Replying to @tspaRoy @TheStalwart
Sorry, what “insider” knowledge does Citadel (or any other market maker) get from Robinhood (or any other broker) order flow?
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Replying to @macrocephalopod @TheStalwart
Citadel buys from RH “order flow”. https://www.investopedia.com/terms/p/paymentoforderflow.asp …
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Replying to @tspaRoy @TheStalwart
Yes ... and how does that give them insider information? Do you know what insider information is?
3:31 AM - 29 Jan 2021
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