Robinhood Markets, Inc. HOOD CEO Vlad Tenev delivered the keynote speech about unique product bulletins to kick off the corporate’s HOOD Summit 2024 in Miami, Florida.
The Particulars: Tenev introduced the launch of futures buying and selling and index choices buying and selling in a serious enlargement of the platform’s choices. The Robinhood CEO mentioned index choices will likely be out there for buying and selling within the coming months with extended-hours buying and selling out there subsequent yr.
Tenev didn’t give a timeframe for the rollout of futures buying and selling in his speech.
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Tenev additionally recapped Robinhood’s platform enhancements over the previous yr together with the addition of joint funding accounts, simulated choices returns and decreased margin charges to the bottom amongst main buying and selling platforms. The CEO highlighted Robinhood’s achievement of changing into the primary retail brokerage to supply 24-hour buying and selling of single-name shares within the U.S. with greater than 1,000 symbols out there for 24-hour buying and selling.
Robinhood’s HOOD Summit 2024 options audio system, panel discussions and demonstrations on buying and selling expertise, investing and tradition and continues by means of Oct. 18 in Miami, Florida.
HOOD Value Motion: Based on Benzinga Professional, Robinhood shares ended Wednesday’s session 0.49% increased at $26.93. After-hours buying and selling sees replenish 3.04% at $27.75.
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