High-frequency traders really love doing business with Robinhood

Stock-trading fever: The Robinhood investment app as seen on a smartphone. Whatever you call them, one thing is clear: The computer whizzes are willing to pay a premium for orders from Robinhood. — AFP

LONDON: No one is welcoming the new army of Robinhood day-traders into the stock market more warmly than high-frequency trading firms.

The speed traders – or electronic market makers, if you prefer labels with less baggage – pay online brokerages like Robinhood Financial for the opportunity to execute their clients’ buy and sell orders.