News Formal

Robinhood CEO says move to 24-hour trading for individual stocks is overdue. Skeptics see no need.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

'Trading hours haven’t changed since the 80s, and in that time period markets have gone electronic. So it’s time to change that and to upgrade it,' Robinhood CEO said. Skeptics argue that individual investors would have more opportunity to lose money.

That’s Robinhood Markets Inc. HOOD Chief Executive Vlad Tenev telling CNBC in a Thursday interview 24-hour trading in individual stocks was a long overdue innovation.

Robinhood released earnings Wednesday night and announced that it would launch a new 24-hour trading service next week, called 24 Hour Market, that would allow round-the-clock stock trading five days a week. Robinhood shares were up 2.5% just before midday Thursday.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Robinhood stock rallies after earnings beat, plan to launch 24-hour trading as engagement wobblesShares of Robinhood Markets Inc. moved higher on Wednesday after the trading app reported first-quarter results that were better than expected.
Source: MarketWatch - 🏆 3. / 97 Read more »