New filing shows Robinhood brought in close to $100 million by offloading order flow in the first quarter

Quick Take

  • A new regulatory filing shows trading firms paid Robinhood nearly $100 million in fees for stock and options order flow
  • An update to Rule 606 implemented at the beginning of 2020 requires brokers to file more granular data about their order routing
  • The new 606 filed at the end of May shows net payments made to Robinhood increased from $19.4 million in January to $45.4 million in March
  • Payments for options orders made up the lion’s share of total payments
Brokerages are now required to file more granular information about their order routing. A recent filing by Robinhood shows electronic market makers paid the firm nearly $100 million for orders.

Subscribe to The Block News+ to
Unlock this Feature


per year
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.


Trending Stories