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.
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