Robinhood Launches Desktop Platform, Adds Features and Index Options Trading (reuters.com)
(Wednesday October 16, 2024 @11:30PM (BeauHD)
from the new-and-improved dept.)
- Reference: 0175268393
- News link: https://news.slashdot.org/story/24/10/16/237244/robinhood-launches-desktop-platform-adds-features-and-index-options-trading
- Source link: https://www.reuters.com/technology/robinhood-launches-desktop-platform-adds-futures-index-options-trading-app-2024-10-16/
An anonymous reader quotes a report from Reuters:
> Robinhood [1]launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages. The 11-year-old commission-free trading app, which became synonymous with mom-and-pop investors in 2021, is now seeking to mature into a full-fledged financial services provider and compete with established brokerages that serve institutional investors. The Menlo Park, California-based company said its desktop trading platform, dubbed " [2]Robinhood Legend ," will focus on active traders.
>
> The platform, available at no additional cost, will offer advanced trading tools, real-time data, as well as custom and preset layouts. Meanwhile, the app will allow users to trade futures on the benchmark S&P 500 index, oil and bitcoin, among others. Customers can also trade index options. [...] Subscribers to Robinhood's premium Gold tier will be able to trade futures for as low as 50 cents per contract, while non-Gold users will need to pay a commission of 75 cents.
You can tune in to the company's live product announcement [3]on YouTube .
[1] https://www.reuters.com/technology/robinhood-launches-desktop-platform-adds-futures-index-options-trading-app-2024-10-16/
[2] https://go.robinhood.com/presents
[3] https://www.youtube.com/watch?v=s0Ev8_fAdgg
> Robinhood [1]launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech firm aims to take market share from traditional brokerages. The 11-year-old commission-free trading app, which became synonymous with mom-and-pop investors in 2021, is now seeking to mature into a full-fledged financial services provider and compete with established brokerages that serve institutional investors. The Menlo Park, California-based company said its desktop trading platform, dubbed " [2]Robinhood Legend ," will focus on active traders.
>
> The platform, available at no additional cost, will offer advanced trading tools, real-time data, as well as custom and preset layouts. Meanwhile, the app will allow users to trade futures on the benchmark S&P 500 index, oil and bitcoin, among others. Customers can also trade index options. [...] Subscribers to Robinhood's premium Gold tier will be able to trade futures for as low as 50 cents per contract, while non-Gold users will need to pay a commission of 75 cents.
You can tune in to the company's live product announcement [3]on YouTube .
[1] https://www.reuters.com/technology/robinhood-launches-desktop-platform-adds-futures-index-options-trading-app-2024-10-16/
[2] https://go.robinhood.com/presents
[3] https://www.youtube.com/watch?v=s0Ev8_fAdgg
You mean the guys who stop you from trading? (Score:3)
by drinkypoo ( 153816 )
You mean the guys who stop you from trading because you're affecting the big boys? Fuck them. Fuck them hard. And fuck their slashvertisement, too.
Open question to anyone who uses this platform (Score:2)
by oh-dark-thirty ( 1648133 )
Knowing what you know about their past behavior, why are you still there?
Platform? (Score:2)
by Enigma2175 ( 179646 )
What does a "desktop trading platform" get me that a website doesn't? I'm sick of services that require you to use an "app" which is usually just a thinly disguised browser. On mobile they do this so that the app can steal my location, contacts, etc. but why are they doing it on desktop?
No matter how you feel about the whole GME thing (Score:2)
Its a fact that Robin Hood took away the buy button on GME in 2021 to keep from going bankrupt. Any brokerage that maniplates the stocks you are buying isn't someone I would do business with.