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6/23/2025, 4:53:06 PM
>>22856693
I'd expect Robinhood to do that. They've been known to sell info.
https://www.sec.gov/newsroom/press-releases/2015-164
>Washington D.C., Aug. 12, 2015 —
>The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle charges that they operated a secret trading desk and misused the confidential trading information of dark pool subscribers.
>An SEC investigation found that despite telling the public that it was an “agency-only” broker whose interests don’t conflict with its customers, ITG operated an undisclosed proprietary trading desk known as “Project Omega” for more than a year. While ITG claimed to protect the confidentiality of its dark pool subscribers’ trading information, during an eight-month period Project Omega accessed live feeds of order and execution information of its subscribers and used it to implement high-frequency algorithmic trading strategies, including one in which it traded against subscribers in ITG’s dark pool called POSIT.
It would be interesting to see who the most successful retail customers are. Likely most of them would be yolofags who picked the right stock to buy and hold all in. But there's surely some with consistent systems, which could be very valuable to copy.
I'd expect Robinhood to do that. They've been known to sell info.
https://www.sec.gov/newsroom/press-releases/2015-164
>Washington D.C., Aug. 12, 2015 —
>The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle charges that they operated a secret trading desk and misused the confidential trading information of dark pool subscribers.
>An SEC investigation found that despite telling the public that it was an “agency-only” broker whose interests don’t conflict with its customers, ITG operated an undisclosed proprietary trading desk known as “Project Omega” for more than a year. While ITG claimed to protect the confidentiality of its dark pool subscribers’ trading information, during an eight-month period Project Omega accessed live feeds of order and execution information of its subscribers and used it to implement high-frequency algorithmic trading strategies, including one in which it traded against subscribers in ITG’s dark pool called POSIT.
It would be interesting to see who the most successful retail customers are. Likely most of them would be yolofags who picked the right stock to buy and hold all in. But there's surely some with consistent systems, which could be very valuable to copy.
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