Robinhood Markets Inc. said it is adding two advanced tools to its mobile trading application in an effort to keep its core retail investors engaged and prepare for a broader push into financial services. The brokerage will introduce simulated returns for options trades, allowing customers to preview potential profit and loss outcomes before executing an order, and will migrate its desktop advanced-charting package to the smartphone platform. The features were unveiled on 17 June during a livestream demonstration by Chief Executive Officer Vlad Tenev. Robinhood, which attracted millions of first-time traders during the pandemic, is seeking to bolster loyalty as competition for retail order flow intensifies and market activity normalizes.
Robinhood $HOOD is bringing some more advanced charting features to its mobile app Here's the live demo https://t.co/VnTc6YHfmp
Robinhood $HOOD adds advanced trading tools to keep core users engaged, eyes long term financial services expansion -WSJ https://t.co/mfle1gkC7P
Robinhood Markets adds advanced trading tools to keep core users engaged, eyes long-term financial services expansion -WSJ https://t.co/kozpEuRCrD