Introducing Robinhood Legend: A New Tool for Active Traders
As the landscape of trading tools continues to evolve, retail brokerage firm Robinhood is making strides to cater to more sophisticated traders with the launch of Robinhood Legend. This desktop-based platform offers advanced charting tools for users who want to conduct in-depth analysis of stocks without the hassle of switching between multiple apps or platforms.
Steve Quirk, Chief Brokerage Officer at Robinhood, highlighted the company’s commitment to providing a modern and intuitively designed active trading platform with Robinhood Legend. By leveraging feedback from active traders, Robinhood aims to streamline the trading experience and empower users to make informed decisions in one centralized location.
In addition to the launch of Robinhood Legend, the firm also announced plans to introduce futures trading and index options to its mobile platform. Customers will have the opportunity to trade futures contracts upon approval, with futures and index options slated for integration into Robinhood Legend in the future.
These new developments underscore Robinhood’s expansion beyond its origins as a platform for small-dollar traders. The firm’s popularity surged amidst the meme stock phenomenon in early 2021, driven by a surge in retail trading following the Covid-19 pandemic.
CEO and co-founder Vlad Tenev emphasized the importance of catering to desktop web users, noting that Robinhood has historically excelled in the mobile space but has room to grow in the desktop market. With $139.7 billion in assets under custody and 11.8 million monthly active users, Robinhood continues to solidify its position in the financial industry.
Stay tuned for Robinhood’s upcoming earnings report on Oct. 30, as the firm looks to build on its success and continue to meet the evolving needs of traders. With shares up over 100% year-to-date, Robinhood remains a key player in the fintech space.
For more updates and insights, be sure to follow HOOD Summit, a conference dedicated to Robinhood’s valued customers. Stay informed, stay empowered, and stay ahead of the curve with Robinhood Legend and the latest advancements from Extreme Investor Network.