Trading platform Robinhood Markets (NASDAQ:HOOD) has grown from a strong base of young users and retail users into a platform that caters to all, a development the company’s Chief Brokerage Officer Steve Quirk told Benzinga is “kind of exciting to see” during the 2024 HOOD Summit.
Robinhood’s Growth: With a long career in the trading world at TD Ameritrade and the Cboe, Quirk has seen trends come and go in the stock market.
“At Robinhood, our customers tier toward the younger side,” Quirk said in a Friday interview, noting an average customer age in the low 30s.
Similarities exist between legacy trading firms and Robinhood, he said, but there are many differences that influence the latter’s product development.
“The technology and products we roll out cater to our customers.”
On Robinhood, around 50% of the self-directed trading occurs on mobile, which means most of the trading is done …
Full story available on Benzinga.com