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Robinhood | 8-K: Robinhood Financial LLC – Held NMS Stocks and Options Order Routing Public Report

SEC announcement ·  Feb 1 05:13
Summary by Futu AI
On January 31, 2024, Robinhood Markets, Inc. (Robinhood) filed a Form 8-K report with the United States Securities and Exchange Commission (SEC), disclosing the quarterly Order Routing Public Reports for its broker-dealer subsidiaries, Robinhood Financial LLC and Robinhood Securities, LLC. These reports, for the fourth quarter of 2023, were prepared in compliance with SEC Rule 606(a) and detail the routing of non-directed orders in stocks and options, including the payment for order flow (PFOF) received. The reports reveal that a significant portion of the order flow was routed to venues like Virtu Americas, LLC, and Citadel Securities LLC, among others. The PFOF received is shared between Robinhood Securities, LLC and Robinhood Financial LLC under a revenue and cost allocation agreement. The 606-Reports are unaudited and made available without commentary, and they are not indicative of the consolidated results of the company. Investors are encouraged to review these reports alongside Robinhood's other financial disclosures on their Investor Relations website.
On January 31, 2024, Robinhood Markets, Inc. (Robinhood) filed a Form 8-K report with the United States Securities and Exchange Commission (SEC), disclosing the quarterly Order Routing Public Reports for its broker-dealer subsidiaries, Robinhood Financial LLC and Robinhood Securities, LLC. These reports, for the fourth quarter of 2023, were prepared in compliance with SEC Rule 606(a) and detail the routing of non-directed orders in stocks and options, including the payment for order flow (PFOF) received. The reports reveal that a significant portion of the order flow was routed to venues like Virtu Americas, LLC, and Citadel Securities LLC, among others. The PFOF received is shared between Robinhood Securities, LLC and Robinhood Financial LLC under a revenue and cost allocation agreement. The 606-Reports are unaudited and made available without commentary, and they are not indicative of the consolidated results of the company. Investors are encouraged to review these reports alongside Robinhood's other financial disclosures on their Investor Relations website.
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