The companies, products and regulatory developments shaping the broker industry.
Robinhood's Q3 filings show a $146m increase in event-contract revenue against $150m in total company net revenue growth, alongside an agreement for a potential equity interest tied to directing selected contracts to Crypto.com venues.
A fixed $0.0026-per-share payment became 12% of the quoted spread, lowering the formula at narrow spreads and increasing it at wider ones.
Fractional, dollar-based, recurring, overnight and managed-account orders are excluded from Robinhood’s public held-order percentages, leaving the scale and execution of those workflows unquantified.
The 6 November SEC notice reveals that dormant high-volume maker tiers have been removed, leaving one displayed-liquidity credit of $0.0020 per executed share.
The two equity venues are deleting references to an unlaunched interface, a rulebook clean-up that should not be confused with an outage or retirement of clients' active FIX connections.
TT says selected ICE interest-rate and Japanese power contracts are changing their back-end venue arrangement, with session configuration and non-migrating orders requiring attention.
The new layer covers fund holdings, settlement cash flows and reconciliation, following the repository and order-routing launches.
The broker says roughly 5,000 additional US stocks can now enter its short-selling workflow. Locates remain account-specific, expire at 8pm ET and do not guarantee borrow availability or the eventual rate.