Markets

Robinhood hosted more than 4.3 million trades in June — handily beating its biggest brokerage rivals

Robinhood trounced legacy brokerages in June, according to one popular gauge of trading activity, as retail investors flooded the market. The brokerage posted 4.31 million daily average revenue trades (DARTs) in June, a spokeswoman told Business Insider, as traders capitalised on pandemic-fuelled volatility. TD Ameritrade’s June DARTs reached 3.84 million, […]
Robinhood hosted more than 4.3 million trades in June — handily beating its biggest brokerage rivals
Markets

A day trader who bought hundreds of oil contracts was told he owed $9 million after a trading platform issue meant it failed to show oil’s historic plunge below $0

A day trader who bought hundreds of oil futures contracts during its historic price crash last month was told he owed $US9 million after a technology issue prevented his trading platform from displaying negative oil prices. On April 20, Syed Shah, a day trader in Canada, bought 212 futures contracts […]
A day trader who bought hundreds of oil contracts was told he owed $9 million after a trading platform issue meant it failed to show oil’s historic plunge below $0
Markets

Wells Fargo just eliminated online commissions. Here’s everything we know about brokerages’ latest moves in the race to zero.

Wells Fargo on Tuesday became the latest firm to eliminate online trading commissions for stocks and exchange-traded funds on its self-directed platform. Bank of America did the same on Monday. Interactive Brokers, Charles Schwab, TD Ameritrade, E-Trade, and Fidelity all moved to eliminate fees for US-listed trades in late September […]
Wells Fargo just eliminated online commissions. Here’s everything we know about brokerages’ latest moves in the race to zero.