Assessing Robinhood's 24-Hour Trading Strategy Amid Revenue Shifts.
TL;DR Summary
Robinhood will launch 24 Hour Market, allowing customers to buy and sell stocks and ETFs overnight in extended trading hours. The program will allow people to place limit orders to buy whole shares of Tesla, Amazon, Apple, and 40 other of the most-traded individual stocks and exchange-traded funds. The rollout of 24 Hour Market will begin May 16 to a "subset" of customers, followed by all customers getting access in June. Trading hours will be from 8 p.m. Eastern Time on Sunday to 8 p.m. Eastern on Friday.
- Robinhood to launch 24-hour trading in stocks and ETFs Markets Insider
- 24-hour trading won't help Robinhood in the near term, Morgan Stanley says CNBC
- Robinhood Markets Wants to Revive Trading. Why That Could Be a Tall Order. Barron's
- Robinhood Is Making More Revenue From Money Sitting Than YOLO-ing The Wall Street Journal
- Factbox: Brokerage Robinhood joins trend of around-the-clock stock trading Yahoo Finance
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