![]() Night owls who thrive in the late hours can now take advantage of the market’s volatility and make informed decisions based on the latest developments. With 24-hour weekday stock trading, Robinhood caters to the diverse trading preferences of its user base. By harnessing the potential of technology, Robinhood is revolutionizing the way investors engage with the stock market. ![]() The platform’s robust infrastructure and advanced trading algorithms enable seamless trading and ensure a smooth user experience even during extended hours. Robinhood’s decision to launch 24-hour weekday stock trading not only reflects their dedication to customer satisfaction but also highlights the transformative power of technology in the financial sector. The future of stock trading is undoubtedly heading towards a more inclusive and globally accessible marketplace. It is likely that other brokerage firms will follow suit, driven by the demand for greater flexibility and the advancements in technology that enable seamless trading across time zones. Robinhood’s decision to launch 24-hour weekday stock trading is not only a game-changer for the platform but also a sign of the industry’s evolution. By removing time constraints, Robinhood is empowering a new generation of investors to explore and learn from the dynamic world of stocks. It allows novice investors to gain exposure to the market without sacrificing their regular daytime commitments. The introduction of extended trading hours aligns perfectly with this vision. One of the key missions of Robinhood has always been to democratize investing and make it accessible to everyone. Therefore, it becomes crucial for investors to exercise caution, conduct thorough research, and manage risk appropriately. ![]() Increased volatility during extended hours can amplify risks, as trading volumes tend to be lower, and the absence of institutional investors can lead to more significant price swings. Shares in Robinhood are up in pre-market trading.While the prospect of 24-hour trading brings exciting possibilities, it also poses certain challenges that traders need to be aware of. ![]() Robinhood says it is now the only platform offering 24-hour trading in the US. Tenev said the launch of 24-hour trading next week is emblematic of the innovation of the platform. Vlad Tenev, CEO and Co-Founder of Robinhood Markets, said they had a great start of the year as they boosted customer satisfaction and “ship aggressively” while on a path to GAAP profitability. Net funded accounts of 23.1 million, rising 120,000 sequentially.Ĭash on hand stood at $5.5 billion, down from $6.3 billion in Q4 2022. Robinhood reported an additional 400,000 new users to the platform, now standing at 11.8 million. The net income delivered a loss of $511 million and earnings per share of -$0.57, compared with a net loss of $166 million, or EPS of -$0.19, in Q4 2022, a sequential decrease of $345 million or $0.38 per share. Net interest revenue increased 25% sequentially to $208 million, with Robinhood explaining that the growth was due to increased securities lending activity and higher short-term interest rates. ![]()
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