Stock app Robinhood surpasses rivals in monthly trades - News Summed Up

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Stock app Robinhood surpasses rivals in monthly trades


Robinhood joined the rest of brokerage industry by publishing monthly trading data on Monday. Robinhood saw 4.3 million daily average revenue trades, or DARTS, in June, the company told CNBC Monday. TD Ameritrade saw the next highest monthly total at 3.84 million DARTs, according to the company’s monthly report. Interactive Brokers saw 1.8 million DARTs in June, followed by Charles Schwab and E-Trade at 1.8 million and 1.1 million, respectively. The new disclosures, first reported by Bloomberg, come just days after Robinhood announced it was taking some customer data off of its site.


Source: The Standard August 11, 2020 03:33 UTC



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