Robinhood's 4th Quarter Order Routing Performance

By Tamara Parker • Saturday, February 01 06:05 • Permanent Link

The press release from Robinhood Financial LLC provides a detailed breakdown of order routing and payment information for the 4th quarter of 2024, specifically focusing on the performance of Non-Directed Orders and their associated venues. Let's delve into the specific metrics and changes for the quarter, starting with the S&P 500 stocks.

For S&P 500 stocks in the 4th quarter of 2024:

Market Orders as % of Non-Directed Orders increased to 24.35%
Marketable Limit Orders as % of Non-Directed Orders decreased to 30.16%
Non-Marketable Limit Orders as % of Non-Directed Orders increased to 35.99%
Other Orders as % of Non-Directed Orders decreased to 9.50%

The net payment paid/received for various types of orders at each venue is as follows: 1. Virtu Americas, LLC: Net payments for Market Orders increased to 135,184.70 USD and 65.3472 cents per hundred shares. 2. CITADEL SECURITIES LLC: Net payments for Marketable Limit Orders decreased to 144,418.85 USD and 59.7650 cents per hundred shares. 3. G1 Execution Services, LLC: Net payments for Market Orders decreased to 118,277.34 USD and 38.8192 cents per hundred shares. 4. Jane Street Capital: Net payments for Marketable Limit Orders increased to 52,529.58 USD and 54.4939 cents per hundred shares. 5. Two Sigma Securities, LLC: Net payments for Market Orders decreased to 58,376.79 USD and 48.2374 cents per hundred shares.

For Non-S&P 500 stocks in October 2024:

Market Orders as % of Non-Directed Orders decreased to 21.92%
Marketable Limit Orders as % of Non-Directed Orders decreased to 32.59%
Non-Marketable Limit Orders as % of Non-Directed Orders increased to 40.86%
Other Orders as % of Non-Directed Orders increased to 4.63%

The net payment paid/received for various types of orders at each venue is as follows: 1. Virtu Americas, LLC: Net payments for Market Orders increased to 86,101.80 USD and 45.7836 cents per hundred shares. 2. CITADEL SECURITIES LLC: Net payments for Marketable Limit Orders decreased to 52,529.58 USD and 54.4939 cents per hundred shares. 3. G1 Execution Services, LLC: Net payments for Marketable Limit Orders decreased to 11,697.10 USD and 24.0153 cents per hundred shares. 4. Jane Street Capital: Net payments for Market Orders increased to 86,101.80 USD and 45.7836 cents per hundred shares. 5. Two Sigma Securities, LLC: Net payments for Market Orders decreased to 58,376.79 USD and 48.2374 cents per hundred shares.

These figures illustrate the shifts and fluctuations in order routing and payments for the specified period, providing valuable insights into the dynamics of equity order flow and associated financial transactions. Following these announcements, the company's shares moved -2.0%, and are now trading at a price of $51.95. Check out the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.