Robinhood Is Selling Your Data to High Frequency Traders | What Should You Do?

Robinhood is selling your trading data to high frequency trading firms and making a lot of money from it. How does brokerages selling your data affect you and are high frequency traders front running your trades? We discuss the issue and what you can do to protect yourself from front running.

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The Seeking Alpha article that initially brought my attention to this was "Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders" written by Logan Kane on September 10, 2018.

Based on my research, I know Robinhood, M1 Finance, E*TRADE, TD Ameritrade, and Charles Schwab sell user order flow data. Vanguard and Interactive Brokers do not sell order flow data. I have not looked into the practices of other brokerage firms.


DISCLAIMER: This video is a resource for educational and general informational purposes and does not constitute actual financial advice. No one should make any investment decision without first consulting his or her own financial advisor and/or conducting his or her own research and due diligence. There is no guarantee or other promise as to any results that may be obtained from using this content. Investing of any kind involves risk and your investments may lose value.

CREDITS
Outro: soundcloud.com/kevatta/vibin-kevatta-x-saib
Saib: soundcloud.com/saib_eats
Kevatta: soundcloud.com/kevatta

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