Robinhood's payment for order flow numbers reveal money-making

Robinhood is known for working with market makers like Citadel to get payments for sending its customers’ trades to them for execution. That, and more frequent trading, means Robinhood generates far more money than established brokers for every dollar in a customer’s account.

Robinhood made more than $600 million from payment for order flow revenue in 2020

Implicit Commissions. In the institutional trading world…, by Daniel Aisen, Proof Reading

Wall Street firms paid almost $3bn last year for retail brokers' trades

Payment for Order Flow Data, Analysis and Insights 2023

What's Stock 'Payment for Order Flow' and Why the SEC Is Skeptical - Bloomberg

SEC says brokers enticed by payment for order flow are making trading into a game to lure investors

A Primer on Payment for Order Flow: Brokers Selling Orders to HFTs - Warrior Trading

How Robinhood Cashes In on the Options Boom - WSJ

How Robinhood Makes Money - CB Insights Research

How Does Robinhood Make Money? - FourWeekMBA