New tech disrupter just launched - the future for you lot

[bull....]

https://www.robinhood.com/

[Harvey Specter]

It has come good backers too so this should last at least a few years.

It would be a great way to accumulate companies in the dips, buying just a few shares at a time and not having to worry about minimum parcels and making the most of minimum brokerage fees.

[bull....]

Interesting setup.


I just noticed that they were also part of development/deployment of HFT for some companies. One wonders if the sites trades will be sent to their own dark pool first, for the hft algos to kick in...

lol I think most brokers do this one way or another now its just really a variant of what they used to do, matching orders in house

[hummerh40]

Any hopes of such a service arriving for the NZX/ASX?

I read somewhere the whole purpose of their company is to introduce investing to those that can't afford the $7/trade commission in the US.

$30/trade seems like an eye-watering figure in comparison.