veda secures $5b across defi protocols and drops $1m bug bounty ahead of kraken launch. market thinks they're another vault aggregator. they're the infrastructure layer for exchanges to offer defi yields without building it themselves. once kraken integrates, they won't rip it out for in-house development. coinbase, binance, robinhood all need this same infrastructure or spend 18 months building. first exchange integration is the pilot, second one confirms the b2b model works ...

Order Flow and Market Structure - Non-directed orders accounted for 100% of all orders, with market orders representing 42.65% of non-directed orders[1] - The report indicates a significant reliance on non-directed order flow across various venues, highlighting the competitive landscape in order routing[3] - The overall market structure indicates a significant reliance on Non-Directed Orders for trading activities across various venues[17] - Non-directed orders accounted for 100% of all orders, with market orders making up 39.05% of Non-Directed Orders[17] - Non-directed orders accounted for 100% of all orders, with market orders making up 43.77% of non-directed orders[30] - Non-directed orders accounted for 100% of all orders, with market orders making up 37.55% of non-directed orders[41] - The total non-directed orders accounted for 100% of all orders processed during the reporting period[53] - Non-directed orders accounted for 100% of all orders, with market orders representing 1.4% of non-directed orders[59] - The total non-directed orders accounted for 100% of all orders, with market orders as 1.72% and marketable limit orders as 27.31%[80] Payment Structures and Revenue - Virtu Americas, LLC processed 46.32% of non-directed order flow, with net payments received for marketable orders totaling $608,042.28[2] - Citadel Securities LLC reported net payments received for marketable limit orders of $552,285.94, accounting for 10.30% of non-directed orders[2] - Citadel Securities LLC processed net payments of $5,490,536.35, with a net payment per hundred shares of $14.0017[13] - Jane Street Capital received net payments totaling $3,898,260.82, with a net payment per hundred shares of $11.0785[13] - Two Sigma Securities, LLC had net payments of $1,349,790.70, with a net payment per hundred shares of $13.8405[13] - The total net payment received for marketable limit orders was $21,177,144.33, averaging 37.44 cents per hundred shares[22] - Payments received for non-marketable limit orders totaled $18,882,702.94, averaging 46.95 cents per hundred shares[22] - Payments for other orders amounted to $5,232,412.69, averaging 43.61 cents per hundred shares[22] - The revenue-sharing agreement between Robinhood Financial LLC and Robinhood Securities LLC allows RHS to pass 80% of revenue from order routing to RHF, enhancing profitability[82] Market Orders and Limit Orders - The overall marketable limit orders accounted for 38.58% of total orders[12] - Marketable limit orders constituted 16.27% of Non-Directed Orders, while Non-Marketable Limit Orders made up 38.58%[17] - Marketable limit orders constituted 12.25% of non-directed orders, while non-marketable limit orders represented 34.33%[30] - The summary indicates that marketable limit orders constituted 38.54% of non-directed orders, while non-marketable limit orders made up 33.76%[41] - The average net payment received for marketable limit orders across various venues was approximately $12,933,977.20[54] - The percentage of non-marketable limit orders was reported at 55.18%[53] Company-Specific Performance - Virtu Americas, LLC reported net payments received for Market Orders at $2,925,958.74, translating to 12.36 cents per hundred shares[17] - Jane Street Capital's net payments for Market Orders reached $3,898,260.82, or 11.08 cents per hundred shares[17] - Citadel Securities LLC generated net payments of $5,490,536.35 for Market Orders, equating to 14.00 cents per hundred shares[17] - Hudson River Trading (HRT) reported net payments of $1,438,220.39 for Market Orders, which is 9.48 cents per hundred shares[17] - Two Sigma Securities, LLC's net payments for Market Orders were $1,349,790.70, or 13.84 cents per hundred shares[17] - G1 Execution Services, LLC received net payments of $1,164,252.86 for Market Orders, translating to 15.95 cents per hundred shares[17] Future Outlook and Strategic Initiatives - The company plans to expand its market presence by enhancing its technology infrastructure to support increased trading volumes[59] - Future guidance indicates a projected revenue growth of 20% year-over-year, driven by new product offerings and market expansion strategies[59] - The overall market environment remains favorable, with a focus on strategic partnerships and potential acquisitions to enhance service offerings[59] Order Routing and Execution - Robinhood Financial LLC routes customer orders to its affiliated clearing firm, Robinhood Securities, LLC, which executes a portion of such orders in a principal capacity[44] - Robinhood Securities passes 80% of the revenue received from third-party market centers to Robinhood Financial, reflecting a significant revenue-sharing model[44] - RHS routes customer orders to its affiliated clearing firm, Robinhood Securities, LLC (RHS), which connects to various third-party market centers[60] - RHS does not execute held orders in a principal capacity, which excludes them from certain statistics[71] - Customers granted RHF discretion regarding price and time of execution for certain orders, which are classified as "not held" orders[71]

Group 1 - The Commodity Futures Trading Commission (CFTC) is drafting clear rules for prediction markets and withdrawing previous proposals that prohibited sports and politics-related contracts [1][2][3] - CFTC Chair Michael S. Selig emphasized the need for clear standards for event contracts, stating that the existing framework has been difficult for market participants [4] - The CFTC is also reevaluating its involvement in legal matters currently under consideration by federal courts, asserting its exclusive jurisdiction over commodity derivatives [5][6] Group 2 - The new guidelines come amid increased legal scrutiny from state authorities regarding prediction markets, with Coinbase filing lawsuits against several states to establish CFTC as the sole regulator [6][7] - Companies like Genius Sports, DraftKings, and Flutter Entertainment showed mixed stock performance following the announcement, while Coinbase and Robinhood closed lower [8]

The U.S. government is considering selecting fintech Robinhood Markets for a key role in overseeing "Trump accounts" it is creating for millions of children, Bloomberg News reported on Thursday, citing people familiar with the matter. ...

Core Viewpoint - Timing is crucial for single-stock option ETFs, which are high-risk instruments that can lead to significant losses if held during unfavorable price movements [1] Group 1: Investment Strategy - The company emphasizes the importance of a solid base of classic dividend growth stocks, complemented by Business Development Companies, REITs, and Closed End Funds to enhance investment income [1] - A hybrid investment system combining growth and income strategies can achieve total returns comparable to traditional index funds like the S&P [1]

本文源自：金融界AI电报 Robinhood(HOOD.O)美股盘后涨3%。 ...

Today in Bloomberg Deals: International Paper unwraps a breakup, Robinhood vies for SpaceX IPO role and VSE agrees to buy Precision Aviation. https://t.co/IaRiRvmYnw ...

Five years ago, retail investors betting on GameStop were derided as "dumb money." The events were synonymous with stock market gambling. Consensus on Wall Street was that most individual traders would retreat after Covid, but those assumptions have been proved wrong. Average investors are now outperforming the market and becoming much more influential than many predicted.Professional traders have been forced to pay close attention to retail traders, who are now influencing market structure and fueling the ...

RT James Hunt (@humanjets)ICYMI: Here's a quick news recap from today's Asia & EMEA sessions @TheBlock__ 👇🪙 Paolo Ardoino told The Block that Tether does not take a position on stablecoin yield, amid reports claiming the firm sides with banks on the issue.🏛️ The SEC clarified rules for tokenized securities, placing the asset class under federal securities laws.💰 Sony Innovation Fund invested $13 million in Soneium co-developer Startale Group, kicking off its Series A fundraising.🇷🇺 Russia is set to launch a ...

LATEST: ⚡ Robinhood CEO Vlad Tenev says the January 2021 trading freeze on GameStop stock resulted from slow, outdated financial infrastructure, and that tokenization will help prevent something similar from happening again. https://t.co/w1e7mo0g7h ...