Vlad Tenev (Robinhood) - Weathering a Storm
Entrepreneurial Thought Leaders (ETL)
00:00
Is There Any Revenue Made Off of Inefficient Pricing?
A lot of people say, why don't you route directly to exchanges? Why do you use these market makers? Well, it's better for customers sbecause you get better prices at as good, or better prices, than routing to the exchanges. Exchanges charge fees, which market makers don't,. So you don't have to pay the exchange fees, and you get price improvement on top. And i do think there's a need for more transparency there.
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