Robinhood Markets CEO Vlad Tenev defended the role of high-speed traders, following users' mistrust of the firm's financial ties to mainstream Wall Street. — Reuters
Robinhood Markets Chief Executive Officer Vlad Tenev defended the role high-speed traders play in modern markets following criticism over its decision to halt purchases of "meme stocks” last month.
A crucial problem is that many investors don’t understand the "plumbing” of how financial markets work -- including what high-frequency traders do, Tenev said in a blog post.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
