Robinhood 24 Hour Market will allow trades to be executed between 8:00 p.m ET and 4:00 p.m. ET. Trade orders will be routed through overnight trading platform Blue Ocean. Market makers Virtu Financial and Jane Street Group will be on the other side of trades, profiting off of the order flow.
When Robinhood 24 Hour Market launches next week, investors and traders will be able to trade 43 popular stocks including Tesla, Amazon, and Apple according to WSJ. With over $78 billion of assets under custody, and 11.8 monthly active users (MAUs), Robinhood clearly has maintained the trust of some of the public. The affordability benefits of fractional share ownership were a decent selling point in 2020-2021, and the 24 Hour Market could be another gimmick that could be a nice piece of cheese to lure obsessive investors into the platform.
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